ICCPL PROPERTY NEWS

WILL THE R EFFECT ON THE SECTOR WORK

      Off late, the real estate sector of India has been much in limelight due to the floating negative sentiments caused by delay in possession of projects, coupled with sky rocketing prices especially in Tier 1 regions of the country. These reasons have dented the housing demand and is causing drastic fall in the interest of potential customers along with heavy inventory pile up for the developers. Being a case of land, big depreciation is pretty much off the cards and hence, can prices come down becomes the question. But in order to keep the market and sentiments stable, developers need to provide some extra cushion. In a recent speech delivered by Raghuram Rajan, the Governor of RBI; he insisted upon developers to take the onus and bring down the prices to help revive the sector and provide much needed transparency. “I am hopeful that as interest rates come down, there will be more credit and buying. And I am also hopeful that prices adjust in a way that encourage people to buy”, Rajan said.

Standing in sync with the words of the Governor, Avneesh Sood, Director of Eros Group also believes that price flexibility has become the need of the hour, as he explains “It is crucial to understand that real estate sector is an end user to almost 35 other industries and sectors, and if this sector is drowning, then it is not fruitful for the economy in general. RBI has played its part seemingly well over the last one year by bringing down the repo rate to 6.5 percent. Almost half of the rate cut benefit has been passed on by the banks. It is time now that developers also chip in to help this market get back on track.”

Rajan further said, “My sense is that there is a little bit of everything that needs to happen” for the revival in the real estate sector. “There is an issue of certainly how they see the housing market and how they see prices. There has to be an adjustment so that more people want to go and buy”, he added. Highlighting on the escalating pricing effect that has resulted towards lowering demand and high inventory levels, Ankit Aggarwal, CMD, Devika Group avers “Real estate is an asset which is somewhere bound to appreciate with time. But the kind of appreciation that most Tier 1 regions across the country has witnessed, it has taken the buyers away from the market, especially investors, who were a prominent sight when the property prices were low. Housing demand is driven most by end users who again are looking at property prices. Thus, after RBI’s rate cut push and banks following the trend, if still the revival does not happen, then developers have to work towards decreasing the prices and increasing the transparency.”

High sale price is a result of high cost price that begins with the cost of land and the rates at which developers borrow funds. At present, developers across the country borrow at rates as high as 22-24 percent and with land being limited and infrastructural upgradation happening at a rapid pace, fresh land parcels have become much expensive, thus adding to the cost. Here comes the importance of being an industry. “Granting of industry status to the realty sector will directly help in the reduction of prices. The moment a developer is able to borrow at lower rates, something that industry status will allow, it will directly contribute towards lowered prices. But at the same time, it is crucial for the borrower to maintain transparency and have a sound history. Industry status to the realty sector is on the wishlist for long now and we expect a new face of this sector when it is attained”, elucidates Deepak Kapoor, President CREDAI-Western U.P. & Director, Gulshan Homz. Rajan also emphasised on the fact that when it comes to financing to the developers, he pitched for more transparency on the borrower’s side. He said “We need action on the real side (as) also on transparency on land acquisition, on transparency on construction and on sales.” He further added that more transparency in such matters would enable financiers to better track flow of funds, which project was being funded by who and who all were the other financiers.

“RBI has lowered the repo rate by 150 basis points since last year January and now stands at 6.5  percent, which is the lowest in the last five years. Banks have also provided the benefit of this rate cut to a large extent to the customers. But still, the market is not picking up pace on the grounds of high prices and lack of transparency. It is high time that the developers take the market sentiments into consideration and allow flexible pricing for the customers along with increased transparency, so that this sector gains back the lost momentum”, states Kushagr Ansal, Director, Ansal Housing.

Projecting India’s growth few years down the line and acknowledging real estate sector’s future contribution towards economic development, Rajan commented that “Construction of every kind, including houses and roads, is a big source of growth especially for a developing economy like ours.” It is true that India is on a development spree on various construction fronts. Construction sector’s housing aspect cannot be left as it is and rather, needs to be taken up seriously in order to keep this sector contributing towards Indian GDP. “Construction sector is one of the largest contributors towards the Indian GDP with almost 6 percent contribution each year. This momentum has to be maintained. The demand is taking a toil due to the absence of proper transparency and high prices. Real estate bill is moments away from becoming an act which will promote fair play and transparency, but what about the pricing factor? State governments need to provide fresh land banks at reduced prices and the centre must grant industry status. The sector will then gradually see momentum shifting towards better demand and growth”, concludes Ashok Gupta, CMD, Ajnara India Ltd.

ICCPL PROPERTY NEWS

TIPS TO TACKLE THE RELOCATION RIDDLE

    In a country like India, purchasing of a property is never an overnight decision and is usually witnessed once or twice in most people’s lifetime. Due to our cultural upbringing, we tend to involve our primary and secondary circles into the buying decision. For most, purchasing of a property involves spending of entire life’s savings and thus it has to be properly chalked out. Once a property is being bought; an even more tedious task is on the way; relocation of the residence. The thought and process of relocation begins from the date of earning the possession of the purchased unit and till the time the residents are settled.

Relocation of a property can be physically as well as mentally stressing and can also put a strong pressure on customers’ pockets. Thus, it becomes crucial that a well laid plan is formed and executed in a systematic manner so as to make sure a hassle free shifting process. Moving forward in this chapter, we’ll look into various tips and tricks to avoid a troublesome relocation process.

Block your Dates

The first and foremost task should be the selection of date(s) for shifting. Moving from a small unit to a similar sized unit within a city is quite an easy task and can be managed in a single day’s time. This form of shifting is most suitable and observed amongst nuclear families and young students/working professionals. On the other hand, moving inter-state or outside the country require several days to shift. In either cases, marking the date(s) on the calendar is of utmost importance so that the home packaging work begins on time and you’re sitting ready to move out. “When planning to relocate to a new region, it is most important that shifting dates are decided well before time. This allows the residents to prepare themselves and accordingly begin with the work. Selection of dates in the beginning is like setting a deadline for self, and consequently meeting the target becomes crucial”, explains Ankit Aggarwal, CMD, Devika Group.

Do your Homework

Once the date(s) for shifting has been decided, understanding and knowing the region should be the next task. Most of us shift to a new place and then search for shops or places to meet day-to-day requirements. Then again, if shifting within the city, it is still easy to find places or even go back to the older destination for goodies. But when shifting to an altogether new location; due homework is a must to ensure a tension-free living. Knowing about the presence of a grocery store, dairy, hardware store, etc. is important as once shifted, it is imperative to know these places as they come extremely handy not only later, but especially during the initial days. “It becomes very difficult to settle after shifting if the area is unknown. Before relocating, it is important for the residents to know their region completely so that they don’t become aliens. This task can be carried parallel while starting the packaging process. It is thus crucial to know about your surroundings well before shifting to the location”, avers Rahul Chamola, MD, One Leaf Group.

Packaging Planning

Moving systematically from one place to the other is significant in order to ignore trouble during the settling process. In India, we usually just shift from place to place without considering the management aspect that can help us cut down on time, money and effort. An ideal way of shifting is room wise. Once we know that we are about to shift, we don’t have many guests visiting and hence, packing the drawing and dining rooms can be done at first. Gradually every room can be prepared keeping the bedrooms and kitchen for the last as they are the ones that are utilised till the end. This concept is suitable for any and every unit size. Once the resident starts living in the new home, they’ll automatically see the stuff already in place. “The concept of shifting room by room is gaining popularity in India as it reflects better management. The later on efforts are literally reduced to half as whatever was carried has been brought forward to the correct places. With this concept, the problem of stuff getting missed or left with other packages of different rooms is also removed, thereby highlighting a flawless shifting”, elucidates Sudeep Agrawal, MD, Shri Group.

Selection of Packers & Movers

Professional help during relocation is of utmost significance as these Packers & Movers know perfectly how to carefully handle, pack, relocate, unpack and settle your stuff. From furniture to steel, equipment to antiques and so much more; they can move anything and everything present in the house. The process of hiring this help is simple and is just a phone call away. Now days we have ample of Packers & Movers agencies present in every region. They charge on the basis of number of rooms to be shifted, number of personnel involved, distance of travel, number of cartons/bubble wraps used and few other parameters. Their prices vary from region to region and on the basis of demand/supply dynamics. The time of travel for their vehicles is usually late night/early morning as heavy vehicles are not allowed to cross borders during day hours. If relocating within city, then there are lenient hours for travel plus, not many vehicles are involved. “Earlier in our country, this concept was different, where logistics help was hired along with labour in the region. This combination went quite expensive as local logistics and labour could not provide sufficient professional support. Packers & Movers of today are trained thoroughly and even the drivers’ drive with utmost caution to avoid any form of damage to the packages. They also take care of unloading, unpacking and settling the stuff at the desired places thus, assisting the households from the first to the final task”, shares Deepak Kapoor, President CREDAI-Western U.P. & Director, Gulshan Homz.

Check your Fittings

We Indians are extremely rigid and lethargic by nature. If we don’t have a plug point next to our bed, we just cannot walk ten steps to use the one on the wall. Similarly, plumbing and other electrical fittings are something that we get used to over the time and it becomes very difficult to adjust in the new home, with fittings not at the places where we desire. Therefore, it is important to check the fittings at the core places of the new home such as bedrooms, kitchen and bathrooms; and get them adjusted according to the need so that own home does not become difficult to live in. In fact, if there are plans to upgrade furniture, renovate, paint walls or any plans to change the look and feel of the home; better get it done prior to the shifting date so that it does not become painful later.

Know your Neighbours

Neighbours are not only there for us when we need a bowl of sugar. Jokes apart, when planning to relocate, those living in the society before you, are the ones with the ground level experience. They know it all. From loopholes to benefits, directing you to the right people in the society and much more. They’ll have intel about almost everything; and most importantly, you’ll have someone physically present there to assist, when you land with the stuff. Thus, while making site visits before shifting, it is most important to have an ice-breaking with the people residing around you.

Time to Shift

Once the planning phase is complete and everything is readied for shifting, now is the time to bid adieu to your old home and make your way for the new one. One important aspect of shifting is filtering the stuff. In cases where a family is relocating after decades of residence at one place, then leaving old stuff behind is the best strategy. Lots of things keep popping up when making the travel for the new destination that usually makes a person confused. Thus, it is best to sit back and relax, and think about the next plan of action. “If someone plans to relocate in a systematic manner, then they don’t have to think a lot. Shifting with the things that matter is important, rest can be left or purchased later. There are several bottlenecks that everyone faces once they start residing at a  new location, due to the change of habitat. It is therefore important to take the procedure of shifting very lightly and conduct it with the highest degree of management”, enlightens Rakesh Yadav, Chairman, Antriksh India.

On your Own now

Once the relocation process is finally complete, the time to settle out begins. The settling phase completely depends on how well the shifting phase was managed. A systematic way of relocation guarantees an easy and short settling phase. Thus, a well planned relocation must be there to ensure quick settling and moving forward in life. “Relocation, if compared to settling down the home is quite an easy task. But with the kind of services that are available to a modern day resident, settling down has become much easier. There are companies today who provide services to settle down the home in a very small span of time. The decision to relocate is very crucial as the place where you choose to relocate has been acquired after lot of efforts in life. Thus, moving properly through this decision is significant for a peaceful future living”, concludes Vikas Sahani, CMD, Property Guru.

ICCPL PROPERTY NEWS

TIPS TO TACKLE THE RELOCATION RIDDLE

    In a country like India, purchasing of a property is never an overnight decision and is usually witnessed once or twice in most people’s lifetime. Due to our cultural upbringing, we tend to involve our primary and secondary circles into the buying decision. For most, purchasing of a property involves spending of entire life’s savings and thus it has to be properly chalked out. Once a property is being bought; an even more tedious task is on the way; relocation of the residence. The thought and process of relocation begins from the date of earning the possession of the purchased unit and till the time the residents are settled.

Relocation of a property can be physically as well as mentally stressing and can also put a strong pressure on customers’ pockets. Thus, it becomes crucial that a well laid plan is formed and executed in a systematic manner so as to make sure a hassle free shifting process. Moving forward in this chapter, we’ll look into various tips and tricks to avoid a troublesome relocation process.

Block your Dates

The first and foremost task should be the selection of date(s) for shifting. Moving from a small unit to a similar sized unit within a city is quite an easy task and can be managed in a single day’s time. This form of shifting is most suitable and observed amongst nuclear families and young students/working professionals. On the other hand, moving inter-state or outside the country require several days to shift. In either cases, marking the date(s) on the calendar is of utmost importance so that the home packaging work begins on time and you’re sitting ready to move out. “When planning to relocate to a new region, it is most important that shifting dates are decided well before time. This allows the residents to prepare themselves and accordingly begin with the work. Selection of dates in the beginning is like setting a deadline for self, and consequently meeting the target becomes crucial”, explains Ankit Aggarwal, CMD, Devika Group.

Do your Homework

Once the date(s) for shifting has been decided, understanding and knowing the region should be the next task. Most of us shift to a new place and then search for shops or places to meet day-to-day requirements. Then again, if shifting within the city, it is still easy to find places or even go back to the older destination for goodies. But when shifting to an altogether new location; due homework is a must to ensure a tension-free living. Knowing about the presence of a grocery store, dairy, hardware store, etc. is important as once shifted, it is imperative to know these places as they come extremely handy not only later, but especially during the initial days. “It becomes very difficult to settle after shifting if the area is unknown. Before relocating, it is important for the residents to know their region completely so that they don’t become aliens. This task can be carried parallel while starting the packaging process. It is thus crucial to know about your surroundings well before shifting to the location”, avers Rahul Chamola, MD, One Leaf Group.

Packaging Planning

Moving systematically from one place to the other is significant in order to ignore trouble during the settling process. In India, we usually just shift from place to place without considering the management aspect that can help us cut down on time, money and effort. An ideal way of shifting is room wise. Once we know that we are about to shift, we don’t have many guests visiting and hence, packing the drawing and dining rooms can be done at first. Gradually every room can be prepared keeping the bedrooms and kitchen for the last as they are the ones that are utilised till the end. This concept is suitable for any and every unit size. Once the resident starts living in the new home, they’ll automatically see the stuff already in place. “The concept of shifting room by room is gaining popularity in India as it reflects better management. The later on efforts are literally reduced to half as whatever was carried has been brought forward to the correct places. With this concept, the problem of stuff getting missed or left with other packages of different rooms is also removed, thereby highlighting a flawless shifting”, elucidates Sudeep Agrawal, MD, Shri Group.

Selection of Packers & Movers

Professional help during relocation is of utmost significance as these Packers & Movers know perfectly how to carefully handle, pack, relocate, unpack and settle your stuff. From furniture to steel, equipment to antiques and so much more; they can move anything and everything present in the house. The process of hiring this help is simple and is just a phone call away. Now days we have ample of Packers & Movers agencies present in every region. They charge on the basis of number of rooms to be shifted, number of personnel involved, distance of travel, number of cartons/bubble wraps used and few other parameters. Their prices vary from region to region and on the basis of demand/supply dynamics. The time of travel for their vehicles is usually late night/early morning as heavy vehicles are not allowed to cross borders during day hours. If relocating within city, then there are lenient hours for travel plus, not many vehicles are involved. “Earlier in our country, this concept was different, where logistics help was hired along with labour in the region. This combination went quite expensive as local logistics and labour could not provide sufficient professional support. Packers & Movers of today are trained thoroughly and even the drivers’ drive with utmost caution to avoid any form of damage to the packages. They also take care of unloading, unpacking and settling the stuff at the desired places thus, assisting the households from the first to the final task”, shares Deepak Kapoor, President CREDAI-Western U.P. & Director, Gulshan Homz.

Check your Fittings

We Indians are extremely rigid and lethargic by nature. If we don’t have a plug point next to our bed, we just cannot walk ten steps to use the one on the wall. Similarly, plumbing and other electrical fittings are something that we get used to over the time and it becomes very difficult to adjust in the new home, with fittings not at the places where we desire. Therefore, it is important to check the fittings at the core places of the new home such as bedrooms, kitchen and bathrooms; and get them adjusted according to the need so that own home does not become difficult to live in. In fact, if there are plans to upgrade furniture, renovate, paint walls or any plans to change the look and feel of the home; better get it done prior to the shifting date so that it does not become painful later.

Know your Neighbours

Neighbours are not only there for us when we need a bowl of sugar. Jokes apart, when planning to relocate, those living in the society before you, are the ones with the ground level experience. They know it all. From loopholes to benefits, directing you to the right people in the society and much more. They’ll have intel about almost everything; and most importantly, you’ll have someone physically present there to assist, when you land with the stuff. Thus, while making site visits before shifting, it is most important to have an ice-breaking with the people residing around you.

Time to Shift

Once the planning phase is complete and everything is readied for shifting, now is the time to bid adieu to your old home and make your way for the new one. One important aspect of shifting is filtering the stuff. In cases where a family is relocating after decades of residence at one place, then leaving old stuff behind is the best strategy. Lots of things keep popping up when making the travel for the new destination that usually makes a person confused. Thus, it is best to sit back and relax, and think about the next plan of action. “If someone plans to relocate in a systematic manner, then they don’t have to think a lot. Shifting with the things that matter is important, rest can be left or purchased later. There are several bottlenecks that everyone faces once they start residing at a  new location, due to the change of habitat. It is therefore important to take the procedure of shifting very lightly and conduct it with the highest degree of management”, enlightens Rakesh Yadav, Chairman, Antriksh India.

On your Own now

Once the relocation process is finally complete, the time to settle out begins. The settling phase completely depends on how well the shifting phase was managed. A systematic way of relocation guarantees an easy and short settling phase. Thus, a well planned relocation must be there to ensure quick settling and moving forward in life. “Relocation, if compared to settling down the home is quite an easy task. But with the kind of services that are available to a modern day resident, settling down has become much easier. There are companies today who provide services to settle down the home in a very small span of time. The decision to relocate is very crucial as the place where you choose to relocate has been acquired after lot of efforts in life. Thus, moving properly through this decision is significant for a peaceful future living”, concludes Vikas Sahani, CMD, Property Guru.

ICCPL PROPERTY NEWS

WORK COMMENCES ON SHRI RADHA AQUA GARDEN

Delhi/NCR: Established realty player Shri Group has commenced work on their premium project Shri Radha Aqua Garden with the performing of the ground breaking ceremony at the site of the project. The event was attended by the company’s management which included Sudeep Agrawal, Aman Agrawal, Harish Arora, Ram Agrawal and the employees of the company. Buyers of the project were also present at the ceremony and the distinguishing feature being the presence of existing buyers of their projects in Mathura and Vrindavan who had come down to wish them on the occasion. This project would be officially launched by the end of this month. It has always been seen that developers are first pre launch the project, then apply for clearances and further move ahead with the construction. Contrastingly, here the launch has been preceded by approvals and construction so that the delivery can be done on time.

Post the ground breaking ceremony, excavation work kicked off for the North Lake View tower, which went a great way to ascertain the customers on Shri Group’s promise of timely delivery. The project has been welcomed a lot by the buyers’ fraternity which boasts of many exclusive facilities like club house, rainwater harvesting, special play-pen for kids, etc. This is a one of its kind multi story project in NCR where resort style living is being promoted and one can enjoy all the comforts of a resort when they step out of their apartments because special impetus has been put upon the greenery of the project. This also means that the entire ground floor would be a green patch and safe for children. 

While addressing all, Sudeep Agrawal, MD, Shri Group, said, “Carrying the legacy of SHRI in which it is our passion to make and deliver SHRI homes with standards of our own, Delivery in time and to make our proud home owners comfortable during the home buying process. Shri Group has taken up this project as a challenge upon themselves to make it better than any other existing project of theirs. This project has been planned exceptionally well wherein even the minutest of details like green area, community hall, etc. have been looked well upon during the planning stages.”

ICCPL PROPERTY NEWS

WORK COMMENCES ON SHRI RADHA AQUA GARDEN

Delhi/NCR: Established realty player Shri Group has commenced work on their premium project Shri Radha Aqua Garden with the performing of the ground breaking ceremony at the site of the project. The event was attended by the company’s management which included Sudeep Agrawal, Aman Agrawal, Harish Arora, Ram Agrawal and the employees of the company. Buyers of the project were also present at the ceremony and the distinguishing feature being the presence of existing buyers of their projects in Mathura and Vrindavan who had come down to wish them on the occasion. This project would be officially launched by the end of this month. It has always been seen that developers are first pre launch the project, then apply for clearances and further move ahead with the construction. Contrastingly, here the launch has been preceded by approvals and construction so that the delivery can be done on time.

Post the ground breaking ceremony, excavation work kicked off for the North Lake View tower, which went a great way to ascertain the customers on Shri Group’s promise of timely delivery. The project has been welcomed a lot by the buyers’ fraternity which boasts of many exclusive facilities like club house, rainwater harvesting, special play-pen for kids, etc. This is a one of its kind multi story project in NCR where resort style living is being promoted and one can enjoy all the comforts of a resort when they step out of their apartments because special impetus has been put upon the greenery of the project. This also means that the entire ground floor would be a green patch and safe for children. 

While addressing all, Sudeep Agrawal, MD, Shri Group, said, “Carrying the legacy of SHRI in which it is our passion to make and deliver SHRI homes with standards of our own, Delivery in time and to make our proud home owners comfortable during the home buying process. Shri Group has taken up this project as a challenge upon themselves to make it better than any other existing project of theirs. This project has been planned exceptionally well wherein even the minutest of details like green area, community hall, etc. have been looked well upon during the planning stages.”

ICCPL PROPERTY NEWS

REALTY DEMAND TO PICK UP AS KMP EXPRESSWAY UNWRAPS

    After a drought of nearly seven years, the much awaited KMP Expressway was recently given a green signal by our Honourable Union Minister of Road Transport, Highways and Shipping, Mr. Nitin Gadkari. Out of the much delayed 135.6 Kms long Kundli-Manesar-Palwal (KMP) stretch, the first phase from Palwal-Manesar, which is 52.3 Kms in length, has been inaugurated. The other phase of 83.3 Kms (Kundli-Manesar) is likely to be completed in the next one year. With the first phase ready for traffic use, National Highway 2 (NH 2) is now connected to National Highway 8 (NH 8). An elevated corridor on NH 2 has also been announced that will cover all the four intersections in Palwal. The opening of KMP Expressway will not only reduce the traffic burden from Delhi, but increase the real estate prospects for regions falling along NH 2 and NH 8.

“The first leg of the KMP Expressway has been finally opened after a seven years long delay. This will allow vehicles coming from Jaipur to bypass Delhi towards Faridabad or even Agra. With this, there will now be a much greater footfall across these Highways that will help in enhancing the housing and commercial demand in the long run”, comments Kushagr Ansal, Director, Ansal Housing.

Geographical Advantage

Since the opening of this stretch, NH 2 has been directly linked to NH 8 via Palwal and Manesar, the patch which has been completed at a cost of Rs. 457.81 crore. The stretch is free for commuting for the next two months, post which, cars will have to pay Rs. 1.3 per Km and Rs. 4.5 per Km for heavy vehicles. The stretch will have four toll plazas that will allow the commuters to pay for the desired stretch rather than the whole corridor. Explaining the geographical advantage that this stretch holds, Avneesh Sood, Director, Eros Group says “Once the entire 135.6 Kms long KMP Expressway is complete, the regions falling along NH 1, NH 2 and NH 8 which are mostly tier 2 & 3 in nature, will see an upsurge of realty demand in the long run. Apart from decongesting Delhi, this will allow greater footfall in Kundli, Manesar, Palwal and its adjoining regions that will result in better infrastructural development. Investors in particular are sure to see this as a boom as prices in these regions are much more competitive than Delhi and Gurgaon.”

The KMP Expressway, also known as the Western Peripheral Expressway will pass through Palwal, Gurgaon, Mewat, Jhajjar and Sonipat districts. The Eastern Peripheral Expressway will connect Kundli, Ghaziabad, Gautam Budh Nagar and Palwal; thus allowing a wonderful network. “This stretch is now active for public and will allow commuters to travel without touching Delhi. Having a major road transit facility in vicinity helps save travel time and money as well; and history has been a witness to how infrastructure plays a vital role in the upbringing of real estate prospects of a region. The realty prospects of the regions across Western U.P. and Haryana are sure to witness a flourish which will promote commercial and housing development in the micro pockets”, avers Rajesh Goyal, Vice President CREDAI-Western U.P. & MD, RG Group.

Boost to Realty

It has always been observed that infra upgradation and connectivity play a vital role in shaping up the realty projection for regions. The news of KMP becoming active is very crucial for the real estate markets of Gurgaon and Ghaziabad specifically, as these regions were nearing saturation due to price escalation. Other regions in the vicinity will now come up as a result of the blend of Western and Eastern Peripheral Expressways. “Several emerging destinations across the country are unable to make an impression on the potential buyers due to the absence of proper infrastructure. A residential property buyer will always buy once the region where he’s investing has a sound infrastructure in place. This not only allows residents to receive a good habitat but at the same time, receive future capital appreciation which is usually possible with developing regions. KMP Expressway will now act as a perfect catalyst to fuel to the realty growth in the regions”, elucidates Rakesh Yadav, Chairman, Antriksh India.

This Expressway holds extreme significance not only because it will ease the traffic flow but will connect Northern Indian states with Central and Southern counterparts. KMP Expressway will connect four of India’s major National Highways; NH 1 (Delhi-Ambala-Amritsar), NH 2 (Delhi-Agra-Varanasi-Dankuni), NH 8 (Delhi-Jaipur, Ahmedabad-Mumbai) and NH 10 (Delhi-Hisar-Fazilka-India & Pakistan Border). “KMP Expressway is extremely crucial if we look at it from a PAN India perspective. Major tier 1 realty regions such as Delhi, Mumbai, Punjab, Gujarat, etc. are connected through it. This Expressway will take real estate sector interstate and allow NCR specific developers to expand their regions for development. NCR real estate has received a tremendous gift that will allow micro regions to develop and investors to find a new hub”, concludes Ankit Aggarwal, CMD, Devika Group.

ICCPL PROPERTY NEWS

INDIAN REALTY GEARS UP FOR A PROSPEROUS NAVRATRA

The Indian subcontinent is a mix of cultures and throughout the entire calendar year, one or the other festival is being celebrated across the breadth of this country. The fervour is set on another tone from the month of March with the celebration of Holi which is very soon followed by the beginning of a new financial year. Everyone looks out for new opportunities to start new investments with the onset of a fresh financial year. Then after comes the festival of Navaratras which is considered by majority as the most auspicious time to invest and invest big in entities like automobiles, real estate, etc. Apparently, it becomes obvious for business houses to come out with something new or innovative in the market.

The real estate fraternity in the country has been very forthcoming with respect to providing lucrative deals during festive season, especially during the Navratras. Navratras are one of the most highly anticipated and regarded festivals in India. People in the country have a tendency of waiting for these days every year to make important purchasing decisions, property buying being one of them. Buyers generally wait out the time before festivals, especially the Navratras, to make a property purchase as it is considered an extremely auspicious time for buying any new asset. During times like these, developers also try to lure the interested buyers by offering various schemes and offers on their one or more projects. In this way, the demand for real estate is met very well during these occasions.

Like the last year, this year too, developers are gearing up to come out with something for their customers. NCR realty major Ajnara India Ltd. is all set to for the upcoming days wherein it has offered a variety of goodies on it’s project Ajnara Le Garden coming up in Greater Noida West. In light to the offerings, Ashok Gupta, CMD, Ajnara India Ltd. says, “Navratras are considered to be an auspicious time for investing. And the best investment in today’s time is property as the returns are higher and any scheme is a big draw for any buyer. We at Ajnara are providing a variety of offers to the buyers who book a property during this period at Ajnara Le Garden where buyers would be offered free club membership and a free covered car parking. The buyer would also be exempted from first transfer fees and will have the lease rent waived off along with dual meter and electrification charges.”

Another leading developer, Ansal Housing would be offering bumper discounts this time around where in one can avail these at all of their completed projects which are ready to move in. Kushagr Ansal, Director, Ansal Housing elaborated further saying “A lot of our projects in various cities, such as the Ansal Palm Court in Jhansi, Ansal Town in Meerut, Ansal Town in Indore, Ansal Town in Meerut, etc. are all complete and ready to move in and the same would be covered under this scheme. The booking amount has been reduced to Rs. 1 lakh only and on the spot loan facility has been made available. We are also providing 50% discount on the processing for home loans.” Premium offers have also been put out by Saya Group who have listed lucrative deals for their project in Indirapuram. Explaining further, Vikas Bhasin, MD, Saya Group said, “We have decided to allot a free car parking to every new buyer during the 9 days of Navratras at our project Saya Gold Avenue in Indirapuram. Along with it, every buyer would be provided with free Gold Club membership, however, this would exclude the monthly maintenance charges for the club. This the benefits are well visible to customers in the form of direct benefits and the trust factor can be up kept.”

One of the fast moving real estate developers in the region, JM Housing has made changes in their payment plan to offer some instant relief to buyers making purchases during Navratras. Commenting on the same, Rupesh Gupta, Director, JM Housing said, “We have changed the payment plan to 30:70 on our project JM Florence located in Greater Noida West. Earlier, a buyer had to pay 40% of the amount upfront but now the same would be 30% which means a reduction of 10% on the actual amount. This is sure to ease out the stress on the pockets of the buyers which will mean they can arrange rest of the funds in due course as the project approaches completion.” Another project in the region by the name of One Leaf Troy is also offering goodies on it’s project. Rahul Chamola, MD, One Leaf Group explained, “We are offering 5 star split air conditioners equivalent to the number of bedrooms in the flats where a 2 BHK flat will come with 2 pre fitted air conditioners and a 3 BHK flat will come with 3 pre fitted air conditioners. In case a buyer does not want to go with these pre fitted appliances, he can avail of discount of Rs. 45,000 times the number of air conditioners they forego in the final amount for their purchase.”

Taking a overall view of the situation, Kamal Batra, Chairman, Buniyad Group said, “The demand for real estate has been on a rise recently with positive sentiments floating in the market due to decreasing inflation along with policies and reforms being pushed along with. Passing of RERA from both the houses of the parliament was a big plus for the sector. Looking at the way demand is shaping up in the sector, it is very important to offer something new to the customers especially when they are anticipating the most. The way developers have come out with offers this Navratras, it would be hard for people to stay away from these lucrative deals.”