ICCPL PROPERTY NEWS

SAYA HOMES LAUNCHES SAYA GOLD AVENUE

Ghaziabad: Having been already known for quality products and on time delivery of projects, NCR realty major Saya Homes today in an exclusive press conference, unveiled its newest offering to the public ‘Saya Gold Avenue’. On the successful completion of an incredible journey of 16 years, Saya homes has launched a new residential project “Saya Gold Avenue” which is strategically positioned in Indirapuram, Ghaziabad.

The project comprises of 2/3/4 BHK units with varied sizes ranging from 1,060 per sq. ft.(98.476 sq. mtr.) – 2,485 per sq. ft.(230.862 sq. mtr.) to be built across 5.25 acres with 8 towers comprising a total of 1,620 units. The homes at Saya Gold Avenue will be embellished with the best in class features and offer exceptional appreciation value that add to the pleasures of living at this residential marvel. Modular switches and Socket/Telephone points are provided in all rooms. Water softening plant for general supply of water and FTTH-Optical Fiber for state of the art services in the whole society are some of the key specifications of the project. Saya Gold Avenue is designed and conceived by world’s best in class associates. All apartments have 8’-0” door height and spacious balconies for royal impression. Three tier 24*7 Security with CCTV camera and video phone is installed in each apartment. Each tower has high speed branded elevators and the entire structure is earthquake resistant. Saya Gold Avenue exudes perfection in every respect.

Being a welcome addition to the Saya Homes, Saya Gold Avenue is located at a prime location of Ghaziabad with zero kms from NH 24. The proposed Metro Station will be at a 5 min walk and is just infront of Shipra Mall, one of the most popular malls in the NCR. Being at a close proximity of just 2 kms from Pushpanjali Hospital and short distance to Delhi makes it a most desirable locality to reside in. Saya Gold Avenue is nestled just 10 kms away from Anand Vihar Railway Station and 30 kms from IGI Airport. The project is based at a fast developing place and it is a favorable spot for investment too. Situated in the heart of fully developed Indirapuram, Saya Gold Avenue is a perfect blend of modernity, luxury, comfort and affordability. The project offers a current BSP of Rs. 4,295/ sq. ft.(46,231/sq. mtr.) and the company plans to deliver it by December, 2018.

Mr. Vikas Bhasin, MD, Saya Homes said, “With our objective to provide various facilities and amenities under one roof for the sheer comfort of our customers, we are now ready to launch our new project. “Saya Gold Avenue” is nestled in prime vicinity having a well-connected network of roads and has close proximity to metro. It has all the important civic amenities like hospitals, schools and malls in its nearby areas. The project is filled with all the features for the perfect stay of residents. The lush green landscape makes the whole project balanced, ecological and harmonious. Today we also happen to complete 16 years of hard work and dedication and would like to take this opportunity to thank everyone associated with us”.

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MMR GROUP SPONSERS BULANDSHAHR GRAMEEN CRICKET TOURNAMENT

Bulandshahr: MMR Group, a premium realty developer of NCR sponsored a cricket tournament initiated by “Navdeep Samajik Vikas Sanstha” (NGO). The NGO is run by Ch. Shashank Bhati, a social activist. The tournament titled “Bulandshahr Grameen Cricket Tournament” was organized in Bulandshahr itself where; Mr. Mohit Singh Raghav, MD, MMR Group was seen inaugurating the event. The cricket tournament was scheduled to be conducted from 15th April 2015 to 23rd April 2015 in Yamunapuram Sports Stadium, Bulandshahr.

The tournament was aimed to encourage the rural talent and make them ready to play in future for the events of National and International repute. The talented players from these blocks have been given a big platform to showcase their skills. Further, the selected players from the tournament will be prepared for the Ranji Trophy under the special scheme designed by Ch. Shashank Bhati. Teams of 16 blocks of Bulandshahr namely, Bulanshahr,  Gulwati,  Sikandrabaad,   Khurja, Sayana,  jahagirabaad, BB nagar, Daanpur,  Lakhawati,  Dibai,  Pahasu,  Anoopshahr,  Uncha Gaon,  Shikarpur,  Arania and  Agota participated in the tournament. In a view to encourage the players and bring to the world, their talent, “Bulandshahr Grameen Cricket Tournament” is a commendable initiative by MMR Group. MMR Group is determined to create more smiles at every step. The company is in constant pursuit of making life better for communities with its various initiatives in the fields of health, education, livelihood and sports along with art and culture.

MMR Group is a highly diversified, dynamic and multifaceted company. Mr. Mohit Singh Raghav, on the inauguration ceremony of the Bulandshahr Grameen Cricket Tournament said “Our rural population is full of hidden talent and potential which goes untapped, and with such initiatives we are able to pump out such potential in front of the world. It is a small step from us to do our bit for the society. It would motivate the young aspirers and prepare them for future where they can display their skills on national and international platforms”.

Mohit Singh Raghav, is a young entrepreneur with a strong will and deep rooted moral values. He firmly believes in excellence and is all set to take the company to newer horizons under the astute guidance of his father. He is the young face of MMR and its torch bearer.

ICCPL PROPERTY NEWS

RG GROUP’S RG RESIDENCY READY FOR POSSESSION

Noida: RG Group, an established and renowned developer of Delhi/NCR today announced that phase 1 of its highly acclaimed project RG Residency is ready for possession that comprises of 800 units. Although, the group also displayed its grief for the buyers who own those 800 units and the company feels helpless that they won’t be able to pass on these ready units to the buyers because of National Green Tribunal (NGT) notice of not giving the completion certificate to the developer. This problem has been faced by several developers across Noida as almost 50,000 units are standing ready but cannot be offered to the rightful owners. Today’s press conference conducted by RG Group was planned to allow a discussion with the media so that customers are made aware about the actual happenings in the sector.

The spokesperson of the company Mr. Rajesh Goyal, MD, RG Group says that “We perfectly understand the value of one’s hard earned money and believe that it is a high time now that the customers are made aware about the current happenings in the region of Noida. Today much like several other developers we have also completed one phase of our project but cannot pass on the ownership to the customers. Through our honorable media, we would like to announce that our project’s phase 1 is ready for possession but due to NGT’s notice we cannot offer it to the customers and request them to pass on this message to the public and help us get through this issue at the earliest, for everyone”.

RG Residency is “Noida’s first Landscaped Podium Residential Complex”; spread across the area of 12.75 acres, the complex offers options between 1, 2 & 3 bedroom apartments, ranging from 472 sq. ft. to 1452 sq. ft. of built-up area cocooned amongst lush green landscaped surroundings; the project offers flats in 7 main configurations. Specifically designed to meet the needs of the young & outgoing middle class, matured professionals as well as golden agers, RG Residency shall Simplify Owning a Home. Apart from locational advantages, it also offers additional free of cost benefits like modular kitchen, cupboards in all bedrooms and wooden flooring in master bedroom. RG Residency is equipped with all the modern and luxurious amenities like swimming pool, health club, steam and sauna, ATM facility, food court, supermarket, chemist shop, indoor games court etc.

ICCPL PROPERTY NEWS

REAL ESTATE SECTOR DOES ITS BIT FOR THE EARTH DAY

In the recent era, one of the biggest global issues is pollution. Due to rapid urbanization, technological advancement and job opportunities; majority of our country’s population is migrating to cities. As the population in urban areas increase, the effect of this change is visible on our environment and thus, climate. It is a complex issue as the world today is facing environmental problems leading to serious health concerns and causing permanent damage to Mother Nature as well.  It’s high time to create a sustainable environment for the present and the future generations. It is not just the current generation which will face the massive crisis of the degrading environment but it will be a major challenge for our future generations too, if no immediate action is taken. It is important that with time, we replace current methods and products with green ones. In support of environmental protection, Earth day is celebrated worldwide on 22nd April every year. It is celebrated globally in more than 192 countries provoking changes for the betterment of environment.

Today, going green is becoming a global mantra and real estate sector is no exception and our sector is heavily construction driven. The raw materials used during construction gives out lot of toxins causing air and water pollution. On the other hand, noise given out by the heavy machinery used to carry out building work contributes to noise pollution. The residents around and man-power employed in such working areas are heavily exposed to pollution which degrades their health. All these factors not just cause environmental problems but health problems too. Considering all these harmful effects of pollution, it’s very important that real estate sector adopts such practices which can reduce pollution and protect the environment. It should prepare itself to go green, keeping in mind its immense benefits to environment. The benefits of this phenomenon are very effective and in long run will safeguard the nature and help in building a sustainable environment to live. Real estate sector should implement all those methods and tools which are environment friendly. Specific ways should be followed which contribute to reduce the harmful effects on our environment. In fact, these practices and methods would be cost effective as well.

Speaking of health hazards and threat to the environment, the NGT had recently issued an order to immediately stop construction works on various sites across NCR who were not following the guidelines of environment ministry. Few important norms that are to be followed by the developers during construction work is to use green sheets to cover the construction site, keeping sand wet so that it does not spread in the air, covering the transportation mediums bringing sand, cement, etc., not to spill the construction material outside the site, safety measures for the on-site labour and other such measures.

This Earth Day, the developers across Delhi/NCR have taken a pledge to protect Mother Nature and are doing their bit to promote environment and labour safety by arranging activities to encourage environment sustainability and labour welfare. From plantation of trees to recycling waste paper to installing movable toilets for the labour at site to safety precaution measures to cleaning the site and much more. All such measures undertaken by the developers are sure to assist the nature and the environment to preserve its beauty. NCR realty major JM Housing has commenced several activities keeping in mind the importance of environment protection and upcoming Earth Day. For its ongoing project JM Florence, the company has set up green sheets on the construction areas in the project along with safety nets for labour. Keeping its labour’s health on priority, the company has also fitted moveable toilets and regular sprinkling of water is done to keep the sand and dust settled. Mr. Rupesh Gupta, Director, JM Housing says “As a responsible citizen, it is our prime duty to make sure that our environment is protected today so that future generations do not bear the consequences. For this sector, it is even more vital as construction involves a lot of raw materials which can harm the workers and the environment severely. We have thus come out with initiatives to do our bit for the nature and society”.

For this Earth Day, Gurgaon based developer Agrante Realty Ltd. has started to collect waste paper and are recycling it to convert it into a Note Book and has given it a name as ‘Flip 4 Green’. Apart from recycling and reusing; the company is taking strong safety measures for its manpower working on-site. Mr. Arvinder Singh, MD, Agrante Realty Ltd. believes that “Each paper that we use or waste adds to cutting down of another tree. Deforestation directly affects the environment harshly. Resources are scarce and it is imperative that we make use of them very wisely and promote sustainable development. Recycling and reusing is a very good way of making sure that resources are properly utilized and nature is not disturbed much. We as developers need to be very cautious of not upsetting the environment much and must take utmost care directly or indirectly”.

Establishing realty major, MMR Group has also introduced several measures this Earth Day to promote clean environment and safety for its workers on site. Safety helmets face masks and goggles have become a mandate for the on-site workers of the company. Regular sprinkling of water is carried out on the project site of their highly acclaimed project 52nd Avenue. The company has also setup several portable toilets at the site particularly for the workers. Mr. Mahipal Singh Raghav, CMD, MMR Group says “Keeping the environment and society safe is the first and foremost duty of everyone. We have taken these measures into consideration keeping in view the degrading environment due to immense pressure of pollution in every region which affects one and all. By taking these actions we are trying do our bit for the society and environment. These little steps if taken by everyone can help in a big manner to protect the nature”.

Realty major of Noida, Morpheus Group has done a great deal for this Earth Day by planting a lot of new trees on all three project sites Morpheus Bluebells, Morpheus Pratiksha and Morpheus Greens. Mr. Prithvi Raj Kasana, MD, Morpheus Group says “We must never forget the fact that our very existence relies upon trees and plants. Due to immense development and land being limited; people are forced to chop down trees to make way for development. But we need to understand their importance and plant them wherever we can find enough space. In view to upcoming Earth Day, we have planted many trees and plants across all our project sites to help maintain nature’s balance”.

ICCPL PROPERTY NEWS

DEEPAK KAPOOR APPOINTED AS PRESIDENT, CREDAI -WESTERN U.P.

New Delhi: In a recent event organized by real estate developer’s apex body CREDAI held at New Delhi; Mr. Deepak Kapoor, Director of Gulshan Homz, was elected as the President of CREDAI for the Western U.P. region. Established in 1999, The Confederation of Real Estate Developers’ Associations of India, known as CREDAI is the apex body for private real estate developers in India, representing over 11,000 developers through 23 states and 152 city level member associations across the country.

CREDAI Western U.P is the association of nearly 50 leading real estate developers in the Western U.P and its primary role is to act as an interface between the developers, customers and the government bodies at a policy level as well as the media. Mr. Deepak Kapoor has been associated with CREDAI from past many years. He is actively participating in all seminars and meetings of CREDAI and putting forward his valuable points in all the discussions. Mr. Kapoor looks after the sales and marketing division of Gulshan Homz where he ensures to bring new and innovative strategies of sales and marketing along with the best customer relationship strategies in his office and now planning to introduce the same for all CREDAI members.

As the new President of the association, Mr. Deepak Kapoor aims at developing a good image of realtors in society. He identified the need to change perceptions of people for real estate industry. He is also aiming to promote CSR initiatives in real estate. “The key task is to bring transparency and timelines for the work. Other things to improve upon are the labor welfare, customer relationship and support of real estate towards Clean India Mission. It is also important to make sure that developers fulfill their responsibilities towards the society in a translucent and fair manner so that there is good understanding between developers and the customers” said Mr. Deepak Kapoor, the newly elected President, CREDAI, Western U.P.

Mr. Deepak Kapoor has strong leadership qualities and excellent interpersonal skills. He has been the man behind the tremendous success of “Gulshan Homz”. The dynamic personality of Mr. Kapoor infuses a natural ingenuity and vivacity to the culture of the company. As an excellent team leader, he has been on the fore-front of leading the company to its success. With an experience of over two decades in the real estate industry, he has acquired a keen business sense that provides the necessary impetus to the business activities of Gulshan Homz. Gulshan Homz under the guidance of Mr. Deepak Kapoor’s has been growing at a pace which surpasses all the industry speculations.

ICCPL PROPERTY NEWS

SECTOR WISHES NOIDA AUTHORITY ON ITS 40th ANNIVERSARY

One of the key development authorities of NCR, New Okhla Industrial Development Authority (NOIDA) will be celebrating its 40th anniversary tomorrow. NOIDA constituted under the U.P. Industrial Area Development Act, 1976, has now emerged as a well-planned, integrated, modern industrial city, strategically connecting to Delhi through a network of roads, national highways and the ultra-modern DND flyover, offering inter-road linkages to all parts of the country. Spread over 20,316 hectares and several sectors fully developed, NOIDA offers a pollution free high standard of living and well supportive industrial environment with its unique infrastructure providing numerous, matchless facilities. Today, it stands as an enviable monument of the concept of integrated Industrial Township in the world, with smooth and wide roads, well developed land, uninterrupted power supply, clean and safe drinking water, unfailing telephony, and splendid residential complexes in the serene and peaceful environment with greenery all around.

Because of Noida authority’s robust thought process and plans; the authority has provided the private players with ample of scope for development of residential and commercial hubs in the region. With tremendous infrastructural, industrial, commercial and residential development; the developers have been able to cater to demand of all segments of customers by offering affordable to luxurious projects with basic to world class amenities. Speaking about such awesome work carried out by the authority over the decades; the real estate fraternity would like to offer its wishes for its 40th anniversary:

Mr. Ashok Gupta, CMD, Ajnara India Ltd., says “Noida Authority has played a key role in building and designing Noida as a well-integrated city. It is now considered as a major realty hub and determined to see a better growth in coming future. On this 40th anniversary of Noida authority, we would like to wish them many more years of success and growth so as to help us develop this region even better”.

Mr. Deepak Kapoor, Director, Gulshan Homz, says “After sighting the infrastructural development in Noida that too, in such a short span is really commendable. The real credit for all this progression is truly deserved by Noida Authority which has worked from years to boost the development of the region in every manner. We hereby take this opportunity to thank the authority and wish them many congratulations for completing yet another year of remarkableness”.

Mr. Rupesh Gupta, Director, JM Housing, says “This journey of Noida authority has been highly praiseworthy. With each passing year, Noida has developed enormously. The hard work of authority is now visible to everyone in the form of a well-developed area which is known across the country and overseas as well. Our heartiest congratulations to the authority for completing yet another milestone”.

Mr. Prithvi Raj Kasana, MD, Morpheus Group, says “We wish that on this 40th anniversary, Noida authority looks forward to work with same passion as witnessed in the past decades. The authority has functioned very well which is appreciable. Noida Authority is the real force behind the growth and development of Noida and we hope that the coming future brings with it a lot of luck and success for them”.

Mr. Mahipal Singh Raghav, CMD, MMR Group, says “Noida authority has always provided all the essential support to every individual or organization which can make a difference in the growth of the region. We as developers have always received positive and significant support from the authority. MMR Group congratulates Noida authority on their successful completion of 40 years.

Mr. Rajesh Goyal, MD, RG Group says “We convey our heartiest greetings to Noida Authority on its 40th anniversary. The Authority has left no stone unturned in the Infrastructural growth of the region and has been a source of immense support for private players committed at developing the region into one of the major realty hot-spots in the Nation. Noida Authority’s dynamic working style has changed the face of the area and we hope this partnership leads to further development in the future”.

Mr. Vikas Bhasin, MD, Saya Homes, says “Entire team of Saya Homes would like to raise a toast for Noida authority on its 40th anniversary. It’s the right time to recognize and appreciate the hard work of authority which has transformed Noida into what it is today. We wish the authority to grow and develop with the same pace as in the bygone years”.

ICCPL PROPERTY NEWS

REAL ESTATE BILL ENTERS INTO FINAL STAGES

Protecting consumer interest and promoting smooth functioning of real estate segment for the ease of realty developers have been the few key points that the government is keen to look into. The Real Estate (Regulation and Development) Bill is designed to support a rational and unbiased play in realty market. It is meant to benefit everyone linked up with real estate sector. The Real Estate Bill was introduced in Rajya Sabha in August 2013, after which it was referred to a Parliamentary Standing Committee which made many recommendations to the bill and then submitted its report in February 2014. The Union Cabinet in a meeting yesterday approved the amendments to the Real Estate Bill, 2013. The Cabinet chaired by Prime Minister, Narendra Modi gave its approval to the proposed amendments which were lying pending in Rajya Sabha.

Under the revised bill, Realty developers have to register the real estate project and disclose all the project details with the customers. Real Estate agents also need to register themselves with Real Estate Regularity Authority. The new bill will be now applicable to residential, commercial and industrial real estate which was earlier restricted to residential sector only. For overseeing real estate business transactions, one or more Real Estate Regulatory Authority in one or more states is to be established. In order to resolve disputes the revised bill establishes a Real Estate Appellate Tribunal. 50% payments by buyers need to be deposited in escrow accounts against the earlier proposal for setting aside 70% of the funds in a special account by developers. Buyers are given the right to obtain stage wise information of project and in case of any delayed possession or default from the developer side they are entitled to receive compensation with interest.

The revised bill now comprises of provisions in the favor of buyers and a greater check on the business practices of real estate sector. The Cabinet believes that creation of real estate bill will make ways for uniform governing mechanism across the realty sector and will add to the credibility and reliability of country’s unregulated real estate sector. The new bill targets at establishing transparency and accountability in housing transactions and realty segment, to reinstate the confidence of general public in the real estate sector. However, it seems developers are left off as no major relief is brought to them. It is important to have a regulator which should not only work in the favor of consumer, but it should have provisions to support the developers and industry in all.

Mr. Mahipal Singh Raghav, CMD, MMR Group says “The changes made in the new bill will work wonders for the proper functioning and smooth operation of realty sector. But still there is scope of improvements in the bill. Since, it is a customer-oriented bill; buying sentiments will definitely improve. Delays in delivery can be controlled a lot if our government starts a single window clearance which will save lot of time for the developers, so that project commencement and delivery is on time, which will help in justifying the amendments”.

Mr. Arvinder Singh, MD, Agrante Realty Ltd. says “Real Estate sector is still unregulated and unorganized to a large extent. It’s a good announcement that a regulatory authority is to be established. It would bring a tight-hold on the realty sector and ensure the business transactions are transparent and working is under proper governance of the Real Estate Regularity Authority, which would help protect the consumer interest and enhance the demand and buying sentiments in near future”.

Mr. Ashok Gupta, CMD, Ajnara India Ltd. believes “Amendments to the Real Estate Bill is a good move in the interest of consumers. It will bring more transparency in real estate sector and will make it more legitimate in nature. Now the government must look into faster clearances of mandatory documents so as to help in timely construction and delivery of projects to avoid being penalized as per the new changes”.

Mr. Kushagr Ansal, Director, Ansal Housing says “This is one of the major news for the sector and will help the customers in a big manner. The government has a plan to provide Housing for all; which would meet several hurdles if strict scrutiny will not be present. A regulator sitting in the middle will make sure transparency is achieved and consumer grievances are effectively handled. This will in turn help in forming a pool of positive sentiments thereby helping in boosting the demand for this sector”.

Mr. Deepak Kapoor, Director, Gulshan Homz says “Real estate sector is one of the fastest and most demanding sectors in India today with major contribution to GDP and employment generation. Thus, this bill will help in shielding the buyer’s interest and will fill in the loopholes existing in the sector. The government must now focus on making the documentation and approval process easier for the developers so that timely delivery can be attained”.

Mr. Rupesh Gupta, Director, JM Housing says “It was a major requirement to get this sector regulated in a proper manner so that every other industry/sector associated with real estate sector is benefitted and everything is well organized. It’s a good announcement that customers are given the priority and provisions are made to safeguard their interests. This bill was in pipeline for quite some time and finally government is taking action for it”.

Mr. Pradeep Aggarwal, Chairman, Signature Global “Revisions in the bill are justifying the current scenario of real estate sector. There are shortcomings which need to be addressed wisely. Instituting authorities for regulating the sector and introducing provisions in the interest of buyers will really be helpful in holding the customers interest in realty market. Developers also got much needed relief for the reason that now they have to deposit just 50% of buyer’s payment in escrow account which was earlier supposed to be 70% by UPA”.