Ghaziabad – A positional advantage
Ghaziabad, one of the satellite cities of the National Capital Region (NCR), is located in Utter Pradesh. Ghaziabad enjoys a positional advantage as it is located on the Grand Trunk road – connecting Bangladesh to Afghanistan. Moreover, its easy connectivity with the national capital and the rapidly industrializing city of Noida has given strong reasons to the local government for its development.
In the last few years, the development authorities of Ghaziabad have laid special emphasis on developing the social and physical infrastructure of Ghaziabad. As a result, many companies like Coca-Cola and ITC, have set up their manufacturing units in Ghaziabad. This development has boosted the retail sector in Ghaziabad.
Investment boon: Owing to the high rental and capital values of residential and commercial spaces in Delhi, investors have started directing their investments to Ghaziabad. Investors have a valid reason for doing so. Ghaziabad is not only one of the hot destinations for investments in real estate, but is also well connected to Delhi. With Metro Rail on the cards it is a very viable option for investment.
Of late, Ghaziabad property market is witnessing trends that suggest that employers, residents, traders and foreign investors are finding value for their money. People are willing to buy property in Ghaziabad mainly to avoid paying much higher rates in Delhi and enjoy living away from the hustle-bustle of a metropolis and yet be in touch for functional purposes. Typically, people work in Delhi and stay in Ghaziabad.
Hot localities: As Ghaziabad is part of the NCR, more and more people are attracted towards it. Localities like Vasundhara, Indirapuram, Vaishali, Shipra Suncity and Kaushambi, situates on National Highway 24, are the key areas that have been developed in recent years. These adjoining areas of Ghaziabad are witnessing tremendous growth in terms of residential property market.
Kaushambi is one of the most active areas with the coming up of many townships. Offering luxury condominiums and multiplexes. The fact that Commonwealth Games will be conducted in 2010 has been able to generate a lot of action in terms of infrastructure, retail and hospitality development in and around Kaushambi.
Real estate experts are of the opinion that prices of most of the prime residential properties in Indirapuram have seen a massive increase in demand in the last couple of years. Moreover, Delhi Metro Rail Corporation’s (DMRC) decision to extend the metro line to Ghaziabad has also contributed to the rise in demand in these localities. As a consequence of these developments, capital values of apartments have escalated.
Prices of the properties in Ghaziabad are between Rs 2,600 and Rs 3,000 per sq ft. In Vaishali, currently a Co-operative Building Housing Society (CGHS) having 2/3/4 BHK apartments costs Rs 2,700-2,800 per sq ft whereas, it cost around Rs 2,500 per sq ft in May 2007. Prices of builder flats have dipped from Rs 3,000 in May 2007 to Rs 2,700-2,800 per sq ft. Price trends of CGHS apartments in Kaushambi and Vasundhara are almost the same as those in Vaishali. Builder flats in Kaushambi have increased from Rs 3,000 in May 2007 to Rs 3,250 per sq ft now. Real estate experts suggest that growth in Ghaziabad is anticipated to be enormous as these three cities, Delhi, Noida and Ghaziabad, are now considered as the triangle of industrialization and economic growth.
Residential value chartHousing Category Average Value in Average Values in
July’08 in Rs/sq ft May ’07 in Rs/sq ft
CGHS (Co-operative Group 2700-2800 2500
Housing Societies ) of 2/3/4/
BHK
apartment in Vaishali
CGHS of 2/3/4/ BHK 2300-3800 3200
apartment in Kaushambi
CGHS of 2/3 BHK 2600-4300 3000
apartment in Indirapuram
CGHS of 2/3/4/BHK 2400-8000 2750
apartment in Vasundhara
Builder Flats of 2/3 BHK 2400-3200 3000
in Vaishali
Builder Flats of 2/3/4 BHK 2600-4200 3000
in Kaushambi
Builder Flats of 2/3 BHK 2600-3000 3000
in Indirapuram
Residential and commercial property.
Residential and commercial property.
JAYPEE GROUP PLANS OVER 1,200-ROOM HOTELS
Delhi-Based Jaypee Group is planning to build two hotels of over 1,200 rooms at an investment of over Rs 1,200 crore in the next two years. The hotels are a part of the group's strategy to cash in on the opportunity arising out of the Commonwealth Games and F1 Grand Prix, slated to be held in the National Capital Region in 2010.
Jaiprakash Associates ED Manoj Gaur said both hotels would be ready by the end of 2010. The group intends to build a 220-room hotel in Greater Noida, which will be ready in the first quarter of 2010. It has tied up with Six Senses Spa of Thailand to manage its spa and health club in the Greater Noida hotel. Six Senses is a resort and spa management company active in over five countries, including Thailand, Vietnam, Jordan and Spain.
The Jaypee group is also planning to build a 1,000-room hotel with Formula one championship in mind. "Spectators from across the world will come to watch the Grand Prix. We want to have the facility in place to accommodate them," says Mr Gaur. Jaypee group is developing the F1 race course in its proposed special development zone (SDZ) near Greater Noida. Taj Expressway Industrial Development Authority has allocated 2,500 acres of land to Jaypee under SDZ scheme. The SDZ scheme requires the developer to dedicate 35% of total land to a core activity, which could range from Industry, IT, institutional or Sport.
Courtesy: - ET dtd: - 5th Sep. 2008
Center shelves plan to impose 51% export floor fule on SEZs
Center shelves plan to impose 51% export floor fule on SEZs
Units Need To Be Only Forex Earners
HERE is some good news for units located in special economic zones (SEZs). The government has dropped a proposal for imposing a minimum 51 % mandatory export obligation on such units. There would be no changes in the present SEZ rules, which lay down that SEZ units need to be only net foreign exchange earners.
The decision taken at a recent meeting of the empowered group of ministers (eGoM) on SEZs would come as a huge relief to investors in SEZ units, both foreign and domestic, as they would not be forced to start exporting from the first year of operations.
“There are a number of cases, like the Nokia unit in Sriperumbudur, where investors did not export much in the first year. However, they started exporting a huge chunk of their total production subsequently. A minimum export obligation would take away this flexibility which units enjoy at the moment,” an official of the commerce department said.
It was the finance ministry which has proposed that the net foreign exchange earner criteria for SEZ units –which means that each unit’s exports should be more than its imports –was not enough to ensure that substantial exports take place from the units. It said that some units could also escape by not exporting anything if their import content was low.
The commerce department, however, argued that since units in SEZs get tax benefits only on the products they export, they would, on their own, want to export as much as possible. In fact, at present, more than 80% of goods produces in SEZ units are exported, the official pointed out.
The proposal was debated at a number of eGoMs but no decision could be taken earlier. However, with the chairman of the Prime Minister’s Economic Advisory Council, C Rangarajan, stating earlier this year that export obligation on SEZ units was not necessary, the commerce department’s case got strengthened.
“In the recent eGoM meet earlier in August, everybody agreed that it was not necessary to import an export obligation on SEZ units and the idea should be given up, “the official said.
Exports from SEZ were estimated at Rs 66,638 crore in 2007-08. This was 92% higher than exports of Rs 34,615 crore from the zones in 2006-07.
Life, Livelihood & Leisure…………
This project, in fact, is an extension of a similar township development currently under implementation in Lucknow.
Spread over a sprawling 2504 acres (approx.) of lush green development in Greater Noida, this mega projects is to be developed as world class residential, commercial, retail and institutional city.
With plots on offer in various sizes at Megapolis, this is the first time that plots are being sold by a private developer in that area. The attractions of the township start with its strategic location. The expressway connectivity really puts it minutes away from Noida and Delhi. It is close to the proposed international airport and is adjoining one of the biggest upcoming Railway terminals in North India.
Located amidst clean, healthy pollution free environment, the greenery aspect of the township is accentuated with international standard Golf Course designed by the world renowned Golfer Nick Faldo.
Adding to this beauty of the township are 5 natural lakes, a grand canal and breathtaking waterfront boulevards.
Megapolis offers an exquisite commercial business district and retail centres/ shopping malls featuring state-of-the-art multiplexes, which will be the centre of attraction for the entire NCR region.
The pride of megapolis also includes landmarks such as Mahesh Bhupathi Tennis Academy and an international class Equestrian and Polo Club. The township shall, in fact, emerge as the hub centre for educational campus for schools, colleges and educational institutions with international tie-ups.
Courtesy: - Times of India dt.30.08.08
NEW SPLEENDOR HOMES, FOR THE PICTURE PERFECT LIFESTYLE
NEW SPLEENDOR HOMES, FOR THE PICTURE PERFECT LIFESTYLE
Rajasthan is swept by a whole new trend in lifestyle. Ansal API has been playing a key role in changing the landscape and lifestyle in this desert state. Self-Contained integrated townships with residential plots, luxury villas, row houses, club houses, retail and entertainment, schools, hospital are some of the noteworthy contributions of Ansal API in Rajasthan.
Keeping up its projects innovativeness, the company has now launched New Splendor Homes, a modern group housing complex with 900 plus apartments in the integrated township of Sushant City-1 Jaipur. The township offers some of the finest apartments and penthouses for the lifestyle conscious customers at the most affordable prices. These attractive prices also come with convenient finance facilities. Book now and you do not have to pay PRE-EMI till the possession (2 years).
Sushant City -1, Jaipur is the true epitome of dreams coming alive with world class amenities and comforts. This fully self contained neighborhood meets all your demands of modern lifestyle. Fully operational Springdales Schools and little ahead there is the heartwarming sight of the Orchid and Tulip Shopping Plaza, which is ready for possession the lush green surroundings of the township simply make life a whole new experience.
Courtesy: - Times of India dt.30.08.08
RAINPROOFING YOUR HOME
THE MONSOON IS HERE. SOME SIMPLE STEPS WILL ENSURE YOUR HOUSE IS SAFE FROM THE RAINS.
The rains can be a source of many problems within a house. Rain proofing your home or protecting it from the monsoons is therefore vital during this season. One important need for homes and gardens is adequate sunlight. Make some small changes in your spaces to compensate for the lack of this during the rainy season.
Since rooms tend to get darker during daytime from lack of enough light, replace heavy drapes with light ones and in pastel shades so that more light filters through. Roll up the blinds during the day, especially those in verandahs and terraces so that they allow light to enter.
A skylight works well especially during the rainy season (and winter too) since it brings in additional light and warmth to the home. So, it is good to install one, along with safety features, while building a home. Windowsills need to be cleared of any lightweight planters and decor objects since the strong winds that often accompany heavy rains can blow these away or cause them to fall down. Any open showcase near a window should be kept closed or else the water from any drizzle and the resulting dampness can damage the objects placed there.
If your home has children, pets, and visitors going in and out of the home regularly, then roll up any large, expensive carpets and put them away. Small rugs centrally placed in the room are a better idea. Also, have some extra-absorbent doormats (two of them placed side by side work best) in areas likely to be exposed to the rains like the porch, front verandah, entrance, foyer etc.
Dampness is harmful to clothes, books, and also to furniture and accessories especially those made of wood and leather which develop fungus and other problems. So, keep them away from windows and doors i.e. in dry areas and periodically check them and give them a makeover if necessary. If possible, have your books and wood furniture put out in direct sunlight for a few hours, every fortnight or so. Also, check your wardrobes and cupboards regularly for dampness.
Exposed electrical wiring should be covered up. Water logging can be damaging to the walls and foundation besides being a health hazard. Check for any area prone to water-logging whether in the garden, terrace, or garage. Cracks in doors, windows, and walls should be sealed to prevent seepage of rainwater indoors. Plug all sewer traps with special check valves so that water doesn't back up and flood the home. You could also make the most of this monsoon by using rain water harvesting methods in your terrace and garden areas.
Courtesy: - ET Realty dtd:- 29th August 2008