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Finally SBI: Give Breath to Sluggish Real Estate Market (Declares loan rates at 8% for a year)
Finally the public sector giant of India has decided to provide oxygen to the sluggish real estate market of India. Higher bank interest rates and passive attitudes of the private banks had thrown out of gear to home finance seekers and leading to setback for the developers
HOME BUYERS WILL LEAD THE WAY FOR REAL ESTATE RECOVERY
The launch of number of new projects and the number and enquiries and booking response received by Developers has led the way towards a revival in the real estate industry. The J.P.Group has come up with number of development projects in lieu of Yamuna Expressway authority and the Lotus Bulloverd and Lotus Pancahe and number of projects launched by Amrapali has shown favorable market response. With the begining of 2010 it is heartening to note that homebuyers are taking the lead in reviving the realty market. Looking forward, it is almost certain that the residential sector will continue to play a major role in shaping future growth in the sector. For homebuyers, this also means that developers are going out of their way to woe customers, with projects to suit different tastes and budgets. As per the Koncept Voice Post meltdown the residential sector has been the fastest to recover with stabilisation of prices being the major factor. The oversupply percentage was lower compared to other sectors, where estimates were much higher than the actual demand...LETS BECOME REALLY ECOFRIENDLY WITH GREEN BUILDINGS
Inspite of posing threat to our natural resources it is not just fashionable but very essential to become ecofriendly. Every one from individual, developers as well as institutional sector to corporates are trying to adopt a tag of going green with their projects. A building at Jaipur was awarded best-learning building award of the year at world architecture festival awards (WAF) 2009 at the Centre Conventions International Barcelona, from among 611 projects from all over the world. This was the Jaipur campus of Pearl Academy of Fashion, a building designed in a way that helps in controlling the temperature of internal spaces, i.e.the temperature remains at 28 degrees celsius inside the building even though it is a scorching 46 degrees celsius outside. The main focus was to provide submissive cooling strategies such as open courtyards, water bodies and a stepwell in the academy where the students can overcome the inclement hot weather. Passive environment strategies were used in the academy to decrease power consumption , be it running of air conditioners and lighting....MUSHROOMING OF NEW TOWN SHIPS:CHANGING URBANSCAPE
It is time of integrated township developments surrounding all the major and important cities in India. The major cities have their own character and provide peculiar lifestyle to its inhabitants. The cities are also known for their identities e.g. commercial, social, political or any other characteristics. As the Banguluru is known for greenery, comfortable climate and lifestyle, the Chandigarh is known for green lung spaces, wide roads and traffic round abouts and well planning of the city. Similarly Mumbai is known for its commercial character and holding of cinema industries. Every major city has its own personality....DELHI METRO PLANNING TO TOUCH GREATER NOIDA SOON
Delhi metro created history on 12 November 2009, when its Noida line started functioning. Honorable Uttar Pradesh Chief Minister Mayawati flagged off the first metro train from Noida Citi Center. The metro was open to the public from the very next day.After some days the operations on the metro route bacame raliable and properly functional.It took around period of around 3 years and 3 months for construction which had started on August 1, 2006.The important feature of noida metrois this is completely elevated and is integrated with the existing 34.3 km Yamuna Bank-Dwarka Sector-9 segment, extending the total length of Line-3 to 47.4 km. The longest for Delhi Metro. Noida created the history being first NCR city getting connectivity of Delhi Metro....INDIAN REAL ESTATE CREATING MOST OF THE JOBS-DELHI
Mushrooming of the pco booths and real estate agents shops in most of the areas is common feature in developed as well as underdeveloped areas. In the present scenario the real estate agents of Delhi have also shifted their business activites in the surrounding fringes of Delhi e.g. Noida, Greater Noida, Gurgaon even Taj Expressway. As per Delhi governments report on service sector enterprises in Delhi that is based on the National Sample Survey 63rd Round Survey (July 2006-June 2007) shows that at 62,111 (18.40%) enterprises,communications read PCO booths comprise the largest number of unorganised sector enterprises in the city.These include both own account enterprises (businesses where only family members work) and establishments (that have salaried employees)...AFFORDABLE HOMES A FASHION WORD: FOR WHOM?
Affordable home has become a word of fashion for public authorities and buz word for private land developers. Everyone is talking of the affordable housing but the crux is what is affordable for which category of class. Are our housing is really affordable for majority of middle and lower income residents which are 44% and 52% respectively? Our finacial institutions are there to support to these targets? Perhaps no! Is there some flaw with the working of our policy makers and key stakeholders of realty sectors and are they serious about providing affordable homes to lakhs of Indians. Affordable homes seems to be alluring but a distant dream most of the Indians. A basic flat as a shelter is a prerequisite for proper education.In his endeavor in moving upwards,the laws of the land should not fail a citizen,but encourage and support him....IFRS TO MONITOR REVENUES OF REAL ESTATE FIRMS
In continuation of adopting improvements in the working of the real estate firms in India with reference to international standards, THE proposed International Financial Reporting Standards (IFRS) will impact how the real estate firms report their revenues.All real estate companies that form part of the NSEs Nifty 50 or BSEs Sensex 30 will have to report financial returns according to the stringent revenue recognition norms laid down by the IFRS. Developers in India have been recognising revenue the moment an agreement for sale of a flat is signed.They do this after completing about 20-25 % of the total construction work, mainly to assure investors that the project is safe.So,under Indian GAAP,revenue is earned the moment an under-construction flat is booked.Under the IFRS,only when an apartment is constructed and ownership rights are transferred will revenue from such transaction be recognised....DLF BAGS CARBON CREDIT OF 40 CRORE
Premier land developer of Delhi NCR, DLF group has bagged carbon credits worth Rs 40 crore for reducing emission of greenhouse gasses.The company consumes 150 mw power in its different buildings across the country.Besides this,the company also owns 228 mw of green power capacity wind power turbine installations in states such as Gujarat,Karnataka,Rajasthan,and Tamil Nadu....DUPLEX SOLD AT 36 CRORE IN MUMBAI: Luxury Segment on Back Track
Mumbai the commercial hub of India has once again seems to have broken a national record in latest property transactions, The duplex in the prime location at Samudra Mahal building at Worli fetched more tha 36 crore in an auction on 05th April 2010. The bid amount was unexpedtedly very high in healing property market. Does this show the upward movement of prolonged dormant luxury property market or this is tug of war in corporates to show their financial capacity. ...COUNCIL OF ARCHITECTURE TO CONDUCT NATA FOR B.ARCH ADMISSIONS.
The Council of Architecture (COA), through its academic unit - National Institute of Advanced Studies in Architecture (NIASA) at Pune, is conducting a National Aptitude Test in Architecture (NATA) for admission to first year of 5-year Bachelor of Architecture (B.Arch.) degree course for various COA approved architectural institutions in the country, for the academic session 2009-2010. It may be noted that as per the Minimum Standards prescribed by COA under the Architects Act, 1972, the admission of candidates to first year of 5-year B.Arch. degree course shall be subject to their passing an aptitude test in architecture....REAL ESTATE IN NEW BUDGET:PROPERTYKONCEPTS ANALYSIS
Last financial year the real estate sector has gone through worst down fall leading to more delivery by the developers and lesser demand and market turned to buyers market.The corporate houses suspended their expansion programs and tried to reduce office spaces decentralisation. The demand for commercial and retail property virtually evaporated and Transactions in the premium housing segment also came to a near standstill on account of apprehensions of job losses and pay cuts. Slackening sales resulted in acute shortage of liquidity, exacerbated by stringent lending policies adopted by banks. Consequently, developers were forced to reduce prices by around 30-40%. The commercial property market was affected worst....INDIA HAS RESERVES ACCESS TO ONLY 4% WATER
New Delhi: Water may not be the point of entry into the debate on climate change but that it is at the heart of the ...GOVT. PLAN :NEW DEAL FOR HOMELESS
Proposes Categories For Them, Wants Tailored Solution For Each One...JAYPEE GREENS SPORTS CITY ANNOUNCED IN GREATER NOIDA
Jaiprakash Associates (Jaypee Greens) launch of their new project “Jaypee Greens Sports City”, a luxury township with residential and sports facilities, near the Taj Expressway .The Sports City is positioned for everyone who appreciates luxurious surroundings and spaces equipped with sports and recreational facilities,” according to a press release by Jaypee Greens.Come, live the pulsating life at a unique one-of-a-kind city in India, 2500 acres Jaypee Greens Sports City. It comprises perfectly crafted COUNTRY HOMES along with the upcoming RESIDENTIAL LAKE DISTRICT (Phase I) which include villas, Town Homes, and mid to high rise apartment blocks with breathtaking views of numerous perenial lakes and canals and multiple social clubs, etc. A massive MOTOR RACING TRACK, Cricket and other international sports stadiums. The first commercial district is equipped with elaborate financial, recreational and civic centres. ...EVERY ONE WANTED NEW ONE ROOM FLAT
After missing an opportunity to construct one-room flats in NCR earlier, some realtors are now moving to build affordable homes in places like Gurgaon, Faridabad ...More News
TEE OFF TO A FINE LIVING
In a clear indication that there are demands for premium projects also, 750 plots of Jaypee Greens were sold out on the opening day ofRELIANCE INDUSTRIES LIMITED CHALK OUT PLAN TO ENTER INTO LOW COST HOUSING
Do doors speak to the visitors with the decor and style?
Mixed Development projects to mull added advantages involving FDI's
The government is bringing about a change is the policy for the developers who are going to develop mixed development projects.FLOATING APARTMENT COMPLEX FOR FLOOD PRONE AREAS
HDFC REDUCES HOME LOAN RATES: TACTICS TO CAPTURE THE MARKET SHARE
YAMUNA EXPRESSWAY A REAL PUBLIC INTEREST
The project like development of Taj Expressway later well known as Yamuna Expressway has been publicised by U.P. government a great move for the development of the region. As per claim of the government Project is conceived with the idea to not only reduce the travel time between New Delhi and Agra but also to open up avenue for Industrial and Urban development of the region and provide the base for convergence to tourism and other allied industries.On the other side is this not a wastage of highly precious fertile land under cultivation and wastage of alluvial soil being wasted in land filling.U.P. CHIEF MINISTER CREATING BSP LEADERS MEMORIALS PARKS IN LUCKNOW AND NOIDA
LET US FIND OUR UNIQUENESS
- Yamuna ExpressWay Authority launches residential scheme along the Yamuna Express Way-Date EXtended upto 15th May 2009.
- Yamuna ExpressWay Authority launches residential scheme along the Yamuna Express Way.
- MCD INTRODUCES NORMS FOR QUICK SANCTIONS OF RESIDENTIAL BUILDING PLANS
- LOGICAL & SYSTEMATIC NUMBERING OF NATIONAL HIGHWAYS IN INDIA
- Choose out of various Property Options: The Maharashtra Chamber of Housing Industry exhibition is set to serve buyers with a variety of projects.
- REFORM IN THE BANKING SECTOR:Banks to clear local cheques on same day
- ECONOMIC SLOWDOWN, SHRINKING OF OFFICE SPACES
- AFFORDABLE HOUSING A NEW BUZ WORD: LACKING WILL
- HOUSING SOCITIES IN DELHI UNDER LAW SCANNER: WAITING FOR ALLOTMENT, DILEMMA OF HOUSING SHORTAGE
- Do doors speak to the visitors with the decor and style?
Top Rated
- Affordable Housing by NBCC to be launched today - Price Tags Rs. 25-45 Lakh
- Haryana allows vertical division of plots in municipal areas
- BUYING RIGHT PROPERTY-COMMERCIAL, RESIDENTIAL & SOONER IS BETTER
- Economic Slowdown- Companies are either selling off their office premises or leasing them to strengthen their funding capabilities
- Finally SBI: Give Breath to Sluggish Real Estate Market (Declares loan rates at 8% for a year)
- IS NCR HAS BECOME BUYER'S FRIENDLY? NEW BUZZ WORD "AFFORDABLE"
- ECONOMIC SLOW DOWN: CHANGING LIFE STYLE,PROPERTY OWNING CONCEPTS & MINDSETS OF PLAYERS
- Singapore - Real Estate Lion City
- Price Corrections in housing property-More affordable for buyers
- JAWAHARLAL NEHRU NATIONAL URBAN RENEWAL MISSION (JNNURM-II) FUNDS TO BE DOUBLED
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