OMAXE LIMITED LAUNCHES NEW RESIDENTIAL TOWNSHIP IN INDORE
Welcome to the 21st Century Lifestyle at OMAXE CITY- INDOREAn Integrated Township of International
Standards .
Would you like to live in an ultra - modern township ?
With everything from residential plots, expandable villas,
hospitals, Commercial Complexes and schools. It's far ahead of everything you
have seen before. A fine fusion of world-class infrastructure and rich tastes, Omaxe
City, for a city like Indore, nothing else would be adequate.
A humble effort to make it a reality
With its new age design and world-class ambience, Omaxe City, Indore is a humble attempt
from Omaxe to lay a strong foundation for a Developed India. Located on NH-3,
Agra-Bombay bypass, makes it an ideal location to make such a dream into a
concrete reality.
Perfection in every structure. Unparalleled elegance for
your own home
Omaxe City, Indore is an integrated township comprising
plots, independent floors and villas in a sprawling expanse of 89 acres. With
all facilities and amenities such as schools, hospital, theme parks,
state-of-the-art club, local shopping centre, grocery store and more....all
within the township.
PARSVNATH DEVELOPERS LAUNCHES NEW 2BHK, 3BHK LUXURIOUS APARTMENTS IN INDORE
Step into Indore. and be a part of the culture that has its
own story to tell, a city which captivates you easily with its charm and
flavour. Known as the city of the Holkars, Indore, came to existence when
Holkar Rani Ahilya Bai, one of the famous queens of India built it. Located in
the Narmada River Valley in the western part of the state of Madhya Pradesh,
Indore is an
important industrial city of India.
It is also the centre of trade and textile industry and home
to many historical monuments and temples. A must visit; Indore is also
affectionately called 'Mini Mumbai'.
And it is at this city, another beauty “Parsvnath Premier
”is taking shape. A part of Parsvnath City it's all set to transform and to
dress up Indore with a better lifestyle.
Cheque/Bank Draft to be issued in favour of "PARSVNATH
DEVELOPERS LTD"., payable at Delhi/New Delhi, Indore only. Outstation
cheques shall not be accepted.
Timely payment of installments is the essence of the agreement.
However, interest @ 24% p.a. will be charged for delayed payments, if any.
Other terms & conditions of the sale would be as per the
standard Allotment Letter/Agreement of the Company.
The above areas include the covered area plus proportionate
common areas such as corridors, passages, lifts, lift rooms, staircase,
underground and overhead water tanks, mumties etc.
Statutory Taxes, other Government Levies, Stamp Duty &
Registration charges to be paid extra, as applicable.
The company would pay penalty to its customer @ Rs.5/- per
sq.ft. per month for any delay in handing over the flat beyond the committed
period of 36 months from the date of start of foundation of Individual Tower.
Similarly customer would be liable to pay holding charges @ Rs.5/- per sq.ft.
per month if he fails to take possession within 30 days from the date of issue
of offer of possession.
Prices are subject to change without any notice before
booking at the sole discretion of the company and the price ruling on the date
of booking and acceptance by the Company shall be applicable.
Accessibility is undeniably critical to business efficiency. At
Eros Corporate Park, you are free from the choked arterial routes leading into
Gurgaon. Located on the NH8, it is eminently accessible from Delhi by a new-age
8-lane expressway. So that travel time to the Indira Gandhi International
airport is just 20 minutes. Also, the residential
Manesar township next door - a boon for your employees - is minutes away
via an over-bridge across the highway.
Now you can look far ahead to a business environment that
surpasses anything you have considered till today. Eros Corporate Park at
Manesar, Gurgaon. A commercial hub which encompasses all the mission-critical
factors to drive your business to success. Located in the pulsating Gurgaon
hub, the preferred home base in India of a host of multinational corporates,
software development centres and BPOs. At Eros Corporate Park, the accent is
decidedly on high-tech...high speed...high performance. We've raised the bar to
bring you the environment that's future perfect.
At Eros Corporate Park, we have provided state-of-the-art
telecommunication links. A high-tech network of fibre optic cables with last
mile connectivity across almost five lac square feet of Wi-Fi enabled office and
retail space. All to ensure that the day you move in, you can access
business opportunities worldwide at high speed, 24x7!
In keeping with the dynamics of global business, Eros Corporate
Park takes corporate mobility to another level. A helipad at the IMT business
complex will allow you to ferry your VIP visitors by a helicopter. A facility
that defines your international workstyle...your high-flying persona.
Eros Corporate Park is supported by infrastructural excellence
that makes it a veritable business destination...Conference centre...Shopping
arcade...Food court...even a golf course nestling amidst acres and acres of
verdant green. Even more, the vast Special
Economics Zone (SEZ) that is due to come up right next-door will have a
cargo airport and metro rapid transit rail link.
At Eros Corporate Park, we have provided state-of-the-art
telecommunication links. A high-tech network of fibre optic cables with last
mile connectivity across almost five lac square feet of Wi-Fi enabled office
and retail space. All to ensure that the day you move in, you can access
business opportunities worldwide at high speed, 24x7!
ANANTRAJ GROUP LAUNCHES NEW IT SPACE IT PARK IN MANESAR
ARIL is developing an
Information Technology Park on land allotted by State Authority of Haryana
at Manesar. The project will be developed on “Walk to Work” concept, and will
be self sufficient integrated mini-township with all necessary and appurtenant
facilities.
The proposed development plans for the aforesaid
property includes:
100000 sq. mts. of office, production,
commercial, recreation and residential areas
Intelligent Building
24 hours reliable power supply through dedicated
substation - 100% back-up through DG sets
Earth station with high bandwidth providing
direct connectivity with destinations across the IT City for rapid data
transfer
Optical fibers backbone for internet and large
volume
Data processing, ISDN and video conferencing with
unlimited bandwidth and internet access
2000 line net-based digital telephone exchange
expandable to 6000 lines - connected to the central exchange with fiber optical
cables
Electronic monitoring system for vigil over fire,
air conditioning, water supply, power, elevator and security
Comprehensive security system, fire alarm, fire
fighting system, guard patrols, CCTV surveillance and door alarms
Sometimes a
guarantor is required for a home loan. Many banks
insist on one or two personal guarantors. The guarantors are required to meet
the norms specified by the bank, which is usually similar to the norms for an
applicant. Usually, only individuals can act as guarantors.
The
guarantor basically provides a sort of security on behalf of the borrower to
the bank, that in case the borrower fails to repay the loan amount or other
dues to the bank the guarantor will make good that shortfall. The guarantor has
to enter into a Deed of Guarantee where the guarantor agrees to make the
payment in the event of the applicant failing to pay the dues by the due dates.
A guarantor should satisfy all the norms relating to age and income of a
borrower. The guarantor is equally liable to pay the loan in case of default in
repayment. Through a guarantor, the bank puts some sort of a moral obligation
on the borrower to repay the loan. Relatives may act as guarantors in case the
policy of the bank permits it.
The need for
a guarantor arises because of the inherent loopholes in the system. The
foreclosure laws — laws pertaining to recovery of a loan by disposing off the property in case of
default — are not very strong. As such, it is difficult to repossess the
property of an applicant in case of default. In order to safeguard its
interests and to ensure that the repayment of the loan comes on time, a bank
insists on a guarantor. Usually a guarantor may be insisted on for loans above
a specific amount, but conservative banks insist on a guarantor irrespective of
the loan amount involved. Some require a guarantor in all cases while others
insist on a guarantor only if certain criteria are not met by the borrower.
Conditions
when a guarantor is required:
·In the case
of a sole applicant
·If the
applicant is residing in a city different from the city where he intends to
purchase the property.
·If the
income of the borrower is variable in nature Lack of professional qualifications
in a self-employed’s case
·If the
applicant’s job is of a transferable nature
·If the
borrower works in an industry where the likelihood of his going abroad for long
is high
·Absence of a
co-applicant to the loan
In future, the guarantor can apply for a loan if he is
capable of repaying both the instalments — on the guaranteed loan and his new
loan. If his repayment capacity does not make him eligible for another loan,
and he wants one for himself, the borrower may have to arrange for a
replacement guarantee. This has to be done by releasing the current guarantor
and providing the bank with another guarantor who meets all specified norms for
a guarantor.
Prestige Group Launches 3 - 4 BHK Apartments in Banashankari, Ring Road Bangalore
The Prestige Group presents their newest real estate development "Prestige South Ridge". Sprawled over 9 acres of sloping greens just off the Ring Road at Banashankari, It is situated on a natural elevation, so that one can experience the panoramic view of the Bangalore city beneath. The project comprises of 5 residential towers of Basement + Ground + Stilt+ 15 - 16 and offers 3 and 4 BHK apartments.
Planned with bright, roomy, well-ventilated apartments, the neatly landscaped gardens dotted with shimmering water bodies and cobbled paths are all an integral part of South Ridge. Additionally the development will also have a clubhouse block having many state-of-the-art facilities like the well-equipped gymnasium to stay fit, swimming pool, children's play area, party hall, health club, space provision for a supermarket etc ensuring every necessity of life in close proximity.
SS GROUP LAUNCHES NEW RESIDENTIAL VILLAS IN GURGAON
Live beyond your dreams. Take extra good care of yourself so
that you can be the best in everything you do, and no wonder! Aaron Ville, from
the SS Group, is one of the luxurious
hubs where everything comes with the best. Best environs. Best
lifestyle. Best ambience, and of course, best location. Its creator, the SS
Group, has structured many edifices that have been solidified with their strong
values and hardcore commitments. With their core value “Committed to Serve
Better,” the Group has artfully structured 20 residential projects, commercial
complexes and IT Parks, and many landscapes are still waiting for this real estate
icon to transform them in to beautiful landmarks.
Aaron Ville is the domain where you rule life with the power
called luxury. Bejeweled with ultramodern outlook and magnificence, it
proliferates in an area of approx. 15
acres that offers much breathing space to life. Undoubtedly, Aaron
Ville is the other name for luxury, magnificence and splendor.
If you are
looking at buying property,
the time is perfect to invest, for you can get a good deal at reduced rates,
say experts
Jaago, yeh
hi right time, scream property exhibition advertisements in newspapers. So what
if residential real estate prices are going up, a majority of the middle class
that aspires to own a home is still taking the plunge. The reason being that
homes are still affordable, and also thanks due to availability of funds and
rising trust in the borrower. SBI, Deutsche Post Bank, ING Vysya Bank and
P&SB are funding up to 80-85% of property value.
It is
perhaps the best time to look around for a value purchase in
real estate. With lower price points in locations that were not earlier
within the affordable range, buyers are scouting for good 'value' bargains at
this time. And with developers going big on affordable home launches, the
timing may just be one of the best for buyers seeking a steal deal.
The scene
has improved with the Reserve Bank of India cutting lending rates to record
lows and pumping in unprecedented amount of money into the system.
According to
Anoop Pabby, joint managing director of Deutsche Post Bank (home finance),
"The economy has improved and the liquidity situation is much better and
interest rates have eased off considerably. It is only natural then that home
buyers expect the reduced risks to result in reduction in interest rates and
relaxation of margin money norms."
The housing
finance company is now funding up to 80% of the property value to most
salaried people, and 85% in a few cases, depending on the creditworthiness of
the borrower. This is more than the 70% it used to lend a few months back.
According to
Anshuman Magazine, CMD of global real estate consultancy CB Richards Ellis
(CBRE), value buying is happening mostly in suburban locations, as that is
where the current supply is. "Certain pockets in Gurgaon and Noida, where
the price used to be Rs 65 lakh to Rs 1.5 crore earlier, have deals to offer
anywhere between Rs 35 lakh to Rs 50 lakh today! Developers have reduced the
total ticket sizes, adjusted area, and price and given amenities. This has got
people back and is making them lust for value deals right now."
According to
Navin M Raheja, chairman and managing director of Raheja Developers,
"Locations such as Gurgaon, Faridabad, Noida in Delhi NCR are some of the
good locations for value buying. Anything that is available between Rs 2,500 to
Rs 3,000 per sq ft is the right price depending, of course, upon the location
and infrastructural facilities available in the vicinity with specifications
offered.
"There
are three kinds of value buying that are taking place in the real estate market
right now. Ready to move in residential property in and around metros and their
suburbs, ready to move in commercial property which is already leased, or
generating income and low income and middle income housing ranging from Rs 15
lakh to Rs 40 lakh are the primary types of value purchases," Raheja adds.
On the other
hand, lenders such as ING Vysya Bank, and Punjab & Sind Bank have reduced
the margin money requirement to 15-20% from 25-30% towards the cost of the home
on their home
loans, as they try to tap potential homebuyers. This leads to a borrower
investing lesser capital than before. G S Vedi, the newly appointed chairman
and managing director of Punjab and Sind Bank, said, "Interest rates are
likely to harden over the next six months with the credit offtake improving and
inflation moving into the positive territory."
The
country’s second largest state-owned lender, Punjab National Bank (PNB), on
Thursday reported a 31.1% growth in net profit at Rs 927 crore in the second
quarter ending September. The growth in profit is fuelled by higher interest
and treasury income.
PNB said the growth in profit was after making provisions for
revised wages. Net interest income grew by 22.4%, while net non-performing
assets was reduced to 0.14%.
The bank has initiated steps to buy majority stake in a bank
in Kazakhstan, PNB’s first overseas acquisition. “The board today approved
acquisition of 63.6% stake in Kazakhstan-based Dana Bank,” PNB’s newly
appointed CMD K R Kamath told reporters after announcing the second quarter
numbers.
The joint venture would have five branches, he said, adding
that the bank would now seek necessary regulatory approvals for
operationalisation of the JV. The deal size is expected to be $24 million
(about Rs 115 crore). PNB is also looking at setting up a subsidiary in
Vancouver, Canada and a joint-venture company in Bhutan. Recently, the bank
opened branches in Hong Kong and UK.
Mr Kamath also said PNB expects to complete 26% stake sale in
its wholly-owned
housing finance subsidiary by December this year. Steps are also underway
to merge PNB Gilts with the parent bank, he said.
The improving
fundamentals of real estate developers
on the back of the real estate price hikes, increased liquidity through QUIPs,
real estate asset sales and pre-sales observed over the last few months is not
lost on the real estate market. The BSE Realty
index, the worst performer of 2008 is up 248 per cent since its March 2009
lows. This indicates that current valuations are not cheap. In a bid to cash in
on the real estate recovery, leading realty companies are planning to raise
money from the primary realty markets to the tune of over Rs 14,000 crore. This
could also suck out liquidity and may cap appreciation of real estate prices of listed scrips,
says analysts.
