Tuesday, October 4, 2016

Godrej Atlas Greater Noida: New Lanch Godrej Properties at Pari Chowk, Greater Noida

Godrej Properties is all set to announce the formal launch of Godrej Atlas, Greater Noida, a 1100-acre golf township in Pari Chowk, Greater Noida. The project will have villas and multi-storied apartments developed around a golf course and golf school.

Godrej Properties, the real estate arm of Godrej Group, has already been present in the Delhi-NCR market with several delivered and under-construction residential projects in Gurgaon such as Godrej Ireo, Godrej 101.

Godrej Atlas Villas: Upcoming Golf-Centric Villas & Apartements

Godrej Properties has come up with one the most ambitious and majestic residential project named as Godrej Atlas in Pari Chowk, Greater Noida. The project is located in Sector 27, Greater Noida. It is just adjoining the main hub of Pari Chowk and shares boundary with Jaypee Greens.

Located in the heart of Greater Noida, this project has roads on three sides and is within a few metres from the under-construction metro station of Pari Chowk Greater Noida. It enjoys superb road connectivity with the rest of the Delhi-NCR.

This project is about to develop on a 100-acre land parcel with lush green landscape, golf course and open spaces. The project will also have a 9-hole Golf Course.

Godrej Atlas Noida offers 3 & 4 BHK Villas. Inside this unfolding residential hub, you will enjoy your life with numerous exquisite amenities and residential spaces. Godrej Atlas Villas price starts from Rs. 1.25 Cr.

Godrej Atlas Greater Noida is loaded with luxurious and modern amenities that contribute to making the life of residents stress-free. Swimming pool allows the residents to swim in sparkling water. The gymnasium is equipped with all modern equipment. A huge children’s playing area allows the young ones to enjoy. Atlas enjoys the nearest vicinity to Noida-Greater Noida Expressway, Yamuna Expressway, DND Flyway and other express transits to commute wherever you desire.

Saturday, September 10, 2016

Galaxy Vega: 2/3BHK Residential Project in Noida Extension Gets 4-Stars by Care Rating

Galaxy Vega being developed by Panch Tatva Promoters Pvt. Ltd has maintained its 4-Star rating by Care Rating, an independent rating agency. The residential project is nearing completion for its first phase. The developers expect to delivery the properties to its buyers on time.

Galaxy Vega is located in Tech Zone IV, Greater Noida West, popularly known as Noida Extension. It is strategically located on the 130-metre wide Noida Greater Noida Link Road on the third roundabout (golchakkar). It will enjoy connectivity with the proposed metro station, barely a hundred metres from the project.

With the advantage of metro connectivity, Galaxy Vega Noida Extension is also well connected with Delhi-NCR via roads, including Noida Expressway and NH24. The locality of the project is all set to be occupied in a few months. There are many residential projects and commercial projects in the vicinity, which makes the neighbourhood an attractive option for residential properties in Noida Extension.

The project's first phase is ready for hand over to customers. With zero-risk on the delivery and construction part, it is a great option for people looking to buy homes in Noida Extension at an affordable price.

Saturday, July 16, 2016

Galaxy Blue Sapphire Plaza: New Commercial Mall Project in Noida Extension

Noida-based Galaxy Group is coming up with its new commercial project in Noida Extension -- Galaxy Blue Sapphire Plaza mall in Greater Noida West, which has a high population density with hundreds of families shifting per month. These residents will need daily amenities and entertainment for living purpose in Greater Noida West. 

Galaxy Blue Sapphire Plaza business spaces, commercial spaces, office spaces at the green environment. FNG Expressway and NH24 highway are connected to Gaur Chowk. Multiplex, restaurant and branded outlets have to come to give superior shopping experience to your doorstep. 

Galaxy Blue Sapphire Plaza Noida Extension have the good reviews because of its specification that is provided by builder. It will have opening the latest and branded showrooms that will let you enter in another glamour world. The project giving shops only in 18 Lakh for the budgeted price with different payment plans.

Galaxy Blue Sapphire Reviews are totally positive in commercial category. It's giving latest all new luxury features that must be in retail space projects. It is developing in 3 acres of green land to give shopping mall to Noida Extension. The destination for shopping, food court, entertainment zone or parking would be the some near to Kisan Chowk. The place is full with amenities and upcoming years it will have good infrastructure. The pleasure and silent features at the place make it most impressive project of Greater Noida West. The construction update or status will be coming to website and customers will find out how much it has been built or developed.

Quick info about Galaxy Blue Sapphire Plaza

  • Land area : 6.2 acres
  • Project Type : Commercial
  • Project Status : Under Construction
  • No. of Floor : NA
  • configuration : Retail/Shops/Office spaces
  • Shops Starts : 21 Lakh
  • Ceiling Height : 14 ft.
  • Location : Noida Extension

Sunday, June 19, 2016

Urbanization & Residential Spaces: Housing 21st Century India

by Anil Pharande, Chairman – Pharande Spaces

Since the year 1991, significant changes have occurred in the pattern and nature of growing urbanization in India. Currently, most of our cities are undergoing a widespread restructuring. The year 1991 was in fact important when it comes to the land reforms, because it was this year that marked the emergence of software outsourcing and restructuring of global capitalism. This was when the Indian Government opened up FDI in the real estate sector, thereby kick-starting the emergence of large-scale townships. The peripheral areas of cities like Mumbai, Delhi, Pune and PCMC, Chennai, Gurgaon, Ahmedabad, Bangalore and Hyderabad have been the prime targets of township developers ever since.

The rapid growth in urbanization resulted in cities with million-plus populations increasing from just 23 in the year 1991 to 35 by 2001. This further resulted in various associated problems like uncontrolled urban sprawl, inadequate supporting infrastructure, deteriorating quality of life, unregulated ribbon developments and an overall increase in real estate costs.

Despite these drawbacks, urbanization in India is to a great extent a very necessary process if the country is to accommodate the growing demands of its population. Between 1971 and 2008, India’s urban population grew by 230 million but the next 250 million additions will be made in half the time-span. In other words, India needs more cities – and it needs them now.

The Need For Evolved Urbanization

Urbanization is not been merely a side-effect of economic growth but an integral part of it. As in most nations, India’s urban areas make the maximum contribution to the country’s economy, apart from hosting the largest share of population and being the primary recipients of innovations, technological advancements and foreign direct investments (FDI).

Meeting the needs of the soaring population in urban areas will continue to be a part of the strategic policy for state and national governments. It should go without saying that promotion of efficient urbanization requires policies that make land use, connective infrastructure and utilities more convenient for both the residents and the developers. A sustained supply of energy, affordable land, urban drainage, transport, medical facilities, water supply, schools and means for recreation are all essential parts of wholesome urban development.

Pune Vs. PCMC - How Failed Urbanization Inspired Success

While urbanization can never be controlled, it can definitely be managed by continually reviewing policies and regulating land use/ownership norms. A perfect example for this has been set by the PCMC area of Pune. While the pressure on the Pune’s city center has been increasing and led to almost complete saturation, the PCMC model of anticipative rather than reactive urbanization has proved to be a textbook solution for meeting the needs of the city’s huge inward migration in recent years.

While new manufacturing industries and Information Technology multinationals are constantly attracted to cities like Pune, the city itself has been incapable of tackling the associated issues of rapid growth. The PCMC model of controlled urbanization was created as a solution to the chaos witnessed in Pune, and a means to meet the demand for support infrastructure and cost-effective accommodation while allowing the migrating population to be near to the city center.

Townships - Housing 21st Century Indians

Comparing the job trends between the current and past decade, we have seen the decisive emergence of an entirely new concept in India – that of Global Citizenship. Well-traveled and highly qualified professionals in India are continually migrating between cities and even countries in search for better job opportunities and living standards. While industrialization is a part of the growth and development of a country, it will also need to account for not only the rising population that comes along but also its rising ‘quality’. In other words, India cannot afford to urbanize merely in terms of volume but also in terms of quality.

The modern breed of professionals that is the current generation of urban Indians cannot and will not be accommodated in mass-produced apartment buildings in congested suburbs. There is now a new demand dynamic when it comes to housing – the demand for high-quality urban spaces which deliver world-class infrastructure, safety, facilitation and utilities. This is what has led to the emergence of integrated townships in progressive cities like PCMC. These townships not only address the demands of urbanization, but also the need for urbanization itself to evolve with the times.

The new residential mantra now is neighbourhoods which are not only located close to the city but are insulated from the urban chaos that defines Indian city centres. By offering safe, efficient and completely self-supporting residential townships, a city not only urbanizes but urbanizes well, fostering growth by giving people with higher-than-average career potential consummate residential options.

About The Author: Anil Pharande is Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in Western Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer in the PCMC area offering a diverse range of real estate products catering especially to the 42 sectors of Pradhikaran.

Tuesday, June 14, 2016

Home Purchase Tips: What You Can And Cannot Compromise On

by Arvind Jain, Managing Director – Pride Group

Compromising is something that we all hate to do, but the reality is that we have to compromise on something or the other every day, whether it is at home or at work or anywhere else. This, unfortunately, holds true even when one is looking at buying a home – unless one is a shipping magnate, it is simply not possible to have everything when it comes to purchasing a residence.

Given that compromise on some of one’s expectations of a future home is inevitable for the common man, it is important to know where compromises can and shouldn't be made.

The following compromises can be made while buying a home

  • Size of the property – A majority of home buyers give a lot of weightage to the size of the home they wish to buy. Specifically, the square footage and numbers of bedrooms and bathrooms are under focus in this respect. When one maintains an uncompromising emphasis on size with no flexibility of budget, three aspects usually get adversely affected - the quality of the location, the quality of available amenities and the quality of construction. None of these are factors on which one should ideally compromise. If there is no leeway in one’s budget, it is always advisable to invest in a smaller, well-located property which offers all the lifestyle accoutrements one requires.
  • Interior décor – There are two good reasons why most budget-bound property buyers prefer ‘bare shell’ flats to those which the developer offers with complete interior décor. The first is obviously the price – fully outfitted apartments come at a significantly higher cost. The second is preference – home décor is a very individual concept for which there is no one-size-fits-all approach. Home buyers look forward to appointing their property in a manner of their own choosing, not somebody else’s. Therefore, it is perfectly okay to compromise on interior décor except in the unlikely instance that such a flat meets both one’s budget and personal taste.
  • Size of kitchen and bathroom – To increase space in the living room and the bedroom, many developers today cut down on space in the kitchen and bathrooms. Often, the kitchen may be open and merged with the living and dining area. One should ask oneself how much this matters if one is gaining on living space in the bargain. This is, of course, strictly a matter of personal preference and needs. However, the size of the kitchen and bathroom can definitely be compromised upon if the need arises.
  • Size of the balconies – Again, balconies are not functional living spaces which do not play a very big role in the overall comfort experience of a home, or indeed places where one spends a lot of one’s time. This is why balcony spaces are not counted as ‘livable’ area and are charged at a lower rate than the rest of the flat. The size of the balconies is something that can safely be compromised on if one is getting a property at an attractive rate.
  • Budget – Buying a property is an investment for a lifetime, and a home is the ultimate ‘performing’ asset which meets the most important needs of shelter, safety and comfort even as it appreciates in value. As far as possible, one should be able and willing to be flexible in one’s budget, as many of the best options may be available for slightly higher prices. If one finds a highly suitable and desirable property which is priced slightly beyond one’s budget, it makes sense to extend it via a marginally higher home loan or contribution from personal resources.
Compromises that should not be made while buying a home

  • Location – Never ever compromise on the location of the property in any manner. Ensure that the area that you have chosen for buying a property is a safe and wholesome neighborhood and offers a good possibility for appreciation in the future. Talk to local real estate agents and know about the chances of property appreciation in the location, and ensure that it has a low crime rate. Also, make sure the location works for you on all relevant fronts – it should be near to or give good access to your place of work schools, healthcare facilities and banking and shopping facilities, and have good connectivity to the rest of the city.
  • Reputation and market standing of the builder – Usually, the property rates quoted by reputed, established developers are somewhat higher when compared with those of unknown builders. Remember that well-known builders have worked hard over many years to build their brand equity, so as to be known as strong players who deliver on their promises and offer superior homes with enhanced specifications. It is always prudent to invest into this brand equity to safeguard one’s investment and benefit from a better living experience. Do not compromise on the reputation of the developer you patronize. You will have the corresponding assurance regarding the quality of construction, after sales support, the legal sanctity of the property and overall lifestyle experience.
  • Parking space – Maybe they were optional for many families in previous decades, but the availability of adequate parking space can no longer be compromised upon in a residential project. Even if one does not currently own a car, the likelihood of buying one in the future is quite high. Even if one is not buying a home for personal use but to rent it out, a property without adequate parking ranks lowest on the rental desirability scale in any Indian city today. Never compromise on this aspect.
  • Healthy environment – Properties that are located right next to or close to highways or busy roads will face lots of noise as well as air pollution. Look for a property which as far away as possible from such pollution sources without being simultaneously cut off from the basic conveniences. One should under no circumstances compromise on this, particularly if one has children and elderly people at home, as noise and air pollution will directly affect their as well as everyone else’s health. It is for this reason that integrated townships have become so popular these days, as they – among many other advantages - offer the ultimate freedom from pollution.
As long as one pays heed to these important dos and don’ts, investment in a home will pay off in all respects. While compromise is certainly a fact of life in today’s world, it is equally true that everyone has the freedom of choice on what to compromise or not. A home is a treasure for a lifetime, and buying one should be approached in such a manner that most of one’s expectations are fulfilled.

About The Author:
Arvind Jain is Managing Director of The Pride Group, a world-class property development conglomerate that is changing the cityscapes of Pune, Mumbai and Bangalore. Established in 1996, Pride Group has built and delivered over 10 million sq.ft. of constructed area. Pride Group has launched Pride World City, the 400-acre luxury mega-township at Charoli, Pune.

Buying A Home: Within Municipal Limits Vs. Gram Panchayat Localities

by Ashwinder Raj Singh, CEO - Residential Services, JLL India

The decision of whether to purchase a home within a city's municipal limits or in one of the gaothan / gram panchayat localities can be a perplexing one. There is usually a significant cost arbitrage implied in the second option, but it often does come with drawbacks as well. Let us examine both options.

Investing Within Municipal LimitsThere are definitely distinct advantages to buying a property which falls within the city's municipal limits. For instance, such properties can usually depend on a more regular water supply from the municipality. Infrastructure is another function for which the municipality is responsible, so projects within the municipality limits tend to enjoy better roads. There will usually be a very decent saturation of shopping outlets and hospitals in such localities.

Also, the population residing within the municipal limits tends to be of a more cosmopolitan nature, as well. The downside is that properties in such areas tend to cost quite a bit more, and the property tax as well as maintenance charges are invariably also higher than in gram panchayat areas.

Investing In A Gaothan/Gram Panchayat AreaGram panchayats or gaothans are basically village areas. Though many of them have seen rapid development, the fact is that this development is largely opportunistic. Developers are attracted by two aspects - the lower cost of land, which they or the original land owners generally get converted from agricultural to non-agricultural usage, and the growth prospects of such areas, which can be quite considerable.

Because of the lower land costs, the property prices also tend to be lower. This attracts many buyers who have budget constraints and do not mind the inherent drawbacks which projects in gram panchayat areas often have. To begin with, these areas are not connected to the municipal water supply - in most cases, developers will make their own arrangements via tankers or bore wells. Though these provisions may suffice for a while, especially in the case of smaller projects, they are much less reliable.

Provision of infrastructure such as roads is also vested solely in the gram panchayat authorities, so it tends to be of a much lower quality than in municipal areas. The population in such areas tends to lean heavily towards the original inhabitants, which means that the cosmopolitan flavour is usually missing. Shopping outlets, healthcare and schools may be of a visibly lower grade - though this is not always the case. Much depends on how a particular gram panchayat is juxtaposed with better-established and therefore more upgrade localities in the municipal limits.

To sum up...For investors and end users, properties falling in gram panchayats can be a very lucrative opportunity. The initial investment is invariably lower, the growth potential can be quite high if the locality is slated to be included within the municipal limits in the foreseeable future. When that happens, the quality of services will star improving rapidly and the property prices will surge steeply upwards. However, this is probably not a route that end users intent on securing the highest grade of comforts immediately should take. Investing in a home within a city's municipal limits usually costs more, but it will usually be preferable for those who are looking for a 'what you see is what you get' deal.

Monday, June 6, 2016

How Real Estate Investment Differs From Speculation

- by Arvind Jain, Managing Director – Pride Group

In financial circles, the terms real estate investors and real estate speculators are used to refer to people who are buying property to make a profit, rather than for personal use. Though the two terms are often used interchangeably, they are not exactly the same. Nevertheless, even veteran financial specialists tend to get mixed up between the two.

In order to understand the difference between the real estate investor and the speculator, it is necessary to have a look at their methods of operation. A speculator predicts (or attempts to predict) the future return on any investment, and tends to be focused on short-term profits.

He or she is often not very well informed on how the asset class of real estate works in a particular locality. Since speculators are usually also active in other investment segments such as stocks, bonds and bullion, they tend to use the same approach for all asset classes. The general approach is to buy low and sell high in a very short period of time.

A real estate investor, on the other hand, makes a careful analysis of the current market position, market trends and related affecting factors so as to make an informed and forward-looking investment decision. Investors are not looking at short-term profitability, which is in any case not a viable objective to operate from in Indian real estate. While investors also tend to invest into other asset classes, they do not do so without fully understanding them.

The next question about the difference between speculators and investors would pertain to the returns they get. While a speculator may make a lot of money if he makes an accurate guess, all such returns are short lived. If the real estate market is facing a short-term decline, the speculator stands to lose all his money because he is also investing only for the short term. A related facet of real estate speculation is that it is, for the above reasons, not suitable for rental income generation.

An investors, however, is looking at healthy, steady returns on capital appreciation and rental income. For this reason, he maintains a reasonable investment horizon which is tailored to the market dynamics of this particular asset class. This is important because Indian real estate is subject to cyclical ups and downs.

A property cycle is dictated by various factors related to population growth, GDP, policy framework and sentiment, and boom and slump periods are more or less a given. Indian property investors aim to ride through the predictable ups and downs of this cycle. To do so they must remain invested for a period of at least 5-7 years.

Another reason why a longer investment horizon is important is that most investors look at buying properties at a lower rate at new locations in anticipation of the demand to come. For this to bear fruit, they must give these locations sufficient time to receive basic infrastructure and spillover demand from adjoining areas.

Long-term investments made by property investors provide stable and reliable returns. Investors are not prone to losing their money due to a receding market, because they have made a more careful analysis of the market condition and are willing to wait till their expected results are delivered as per the market data before they make their move.

As Robert Kiyosaki puts it ‘Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth.’ Also, real estate is by far the ultimate asset since it not only grows in value but also performs as a rental income generator. But it must always be approached from an investor’s perspective rather than from speculative objectives.

About The Author:

Arvind Jain is Managing Director of The Pride Group, a world-class property development conglomerate that is changing the cityscapes of Pune, Mumbai and Bangalore. Established in 1996, Pride Group has built and delivered over 10 million sq.ft. of constructed area. Pride Group has launched Pride World City, the 400-acre luxury mega-township at Charoli, Pune.