Sulekha steps towards dream home emotions

It is very difficult for a person to compare three shops when he is crossing the entire market because any expert can make a deal with you which is only for his profit.

A person, who is looking towards investment for a property always wants to meet a safe person to drive for a safe way. But when he scrolls the market alone or goes by making his mind perfect, most of the times he scraps by a wrong deal. So, is it possible to cross, scroll and go through the entire market and make a perfect property deal according to your needs and emotions?

Sulekha property gives you an opportunity to reach entire property world in Chennai, to scroll each and every city, to share your needs to the realtors, to meet and chat with professional field team executives in our property portal http://property.sulekha.com/virtual-property-expo/.

Virtual Property Fair 2013 has organized by having this property portal of Sulekha, provides specially to chat with 300+ builders, you can download property brochure and can drive a virtual tours of properties, which you want to have in Chennai and Bangalore.

A destination offered by Sulekha (http://rivr.sulekha.com/) for dream home buyer to make live chat with builders and to visit a total of 360 virtual tours of properties. Sulekha has launched this along with participation and subscription is free for all.

So, let’s have your dream home according to your choice only.

Fair Pro 2013 Chennai trade centre

With 250 projects from 70 builders on exhibit, the sixth edition of Fair Pro 2013 organised by the Confederation of Real Estate Developers’ Association of India (CREDAI) will be held from February 22 to 24 at Chennai Trade Centre in Nandambakkam.

Developers and builders who are members of CREDAI will exhibit various projects including flats, villas and plots priced between Rs.15 lakh and Rs. 10 crore.

Last week, two loan melas were conducted, where about a thousand potential buyers were pre-sanctioned loans by seven bankers based on their eligibility.

Sandeep Mehta, president, CREDAI said, “The idea behind hosting such loan melas is that the buyers would be able to pick those projects that they can afford. Also, after the buyers book a project, they need not undergo the hassles of seeking a loan for it.”

Just two weeks ago, CREDAI launched a portal www.credaichennai.in to help the buyers look out for projects based on budget, location and builder. “Using the portal may help the buyers filter the projects quickly and identify the ones that suit them the most,” said Suresh Krishn, secretary, CREDAI.

Property fair to showcase 250 projects

• 70 Builders
• 250+Projects
• Price Range Rs 15 Lakhs to 10 Crores
• Fast and Simple Transaction
• All under one roof

Also, those who book projects in the three-day property fair will get an iPad free, he added.

Budget 2013-14: Realty Sector Demands Changes

Bangalore: Last year, the real estate market had been through many ups and downs, which in turn has brought discouragement for the realty industry. To revive the market growth, the real estate industry expects certain changes and provisions from the Union Budget 2013-14.

1) Lower lending rates:

In the present market scenario, banks have imposed high rates of borrowing for developers and home buyers which in turn has slowed down the home sales. The real estate industry is hoping that the interest rates will be reduced in the upcoming Union Budget. However, the base rate reduction is essential to help banks reduce their borrowing rates. The government needs to concentrate on these particular issues in the budget which should be followed through the Reserve Bank of India (RBI) in terms of lessening the repo rates and other policies like CRR, SLR and so on to improve the flow of economy in the sector that in turn will help real estate sector to flourish.

Besides, authority bodies like regulatory and monetary authorities should reduce the home loan rates in order to provide housing under affordable option in more number of cities and towns. This measure will mainly help home buyers under lower income groups.

2) Consideration of Special Residential Zones:

Last year, Indian cities face shortage of 18.8 million homes and to improve the condition, the government needs to make provisions for Special Residential Zones (SRZs) to provide more housing stock in targeted locations.

3) Realty sector should get industry status:

The real estate industry in India contributes around 5 percent to the overall GDP. Over the last decades, the sector has witnessed significant growth in terms of business standards and quality. However, the realty sector has been facing challenges because of less regulations and ineffective policies. But, as a part of the reform agenda, the government is all set to give real estate sector an industry status after a long wait. With this government’s measure, the sector can access cheaper funds from banks. In this budget session, the sector is hoping that the long wait for industry status should come to an end.

4) Provisions for subsidized construction materials:

The construction prices are heading north and it has increased over 50 percent alone in the past two years. Besides, the rising input costs have landed developers in cash crunch situation and they are facing challenge in project completion. Not only there is a hike in construction charges but the increase in external and internal development charges, license charges and usage of land charges from various departments. This in turn is increasing the real estate prices across the country. So, there should be provisions for subsidized construction materials for budget housing in the budget.

5) Enable the Real Estate Regulatory Bill:

The government is expected to come up with the real estate Regulatory Bill in the upcoming Budget session of the Parliament in order to regulate the real estate sector. This bill needs to come into effect as soon as possible because government has been pushing this bill since 2009. The aim of this regulatory bill is to establish a regulatory authority to impose transparency and fair practice in realty transactions.

6) Clarity in land titles:

The budget should also provide better clarity in land titles. There is less transparency in land ownership across the country and government needs to undertake certain measures to provide better clearance as the lack of clarity on land titles hindering the overall growth of the sector as well as lowering confidence for investors.

7) Manage finance in the sector:

While the real estate sector is not coming under the hood of any particular regulatory authority, the flow of liquidity has become an issue for the sector. The developers are also struggling with their projects due to lack of funds, resulting in project delays. The liberalization of finance is the most significant thing the sector is in need of. The budget 2013-14 should provide scope for external commercial borrowings for the sector and should lessen the financing norms.

Original source : siliconindia.com

First Green Township in India

Neotown by Patel Realty is First Green Township in India: IGBC

Karnataka, India

 

Neotown, township project from Patel Realty, is one of the first few township projects to be pre-certified by the Indian Green Building Council (IGBC). The township has been awarded the prestigious IGBC Green Township Silver pre-certification for its mixed land use & integrated development. The township is located in Electronic City, Bengaluru. The IGBC pre-certification is awarded for buildings & townships at the design stage to facilitate the adoption of sustainable green design practices in India.

Neotown met the criteria laid down by IGBC which included the, preservation of existing trees and water bodies, energy efficiency in infrastructural equipment, construction waste reduction, recycled content and innovation in design and technology.

Pravin Malkani, Managing Director, Patel Realty India Limited said, “When Neotown was conceived there were certain environmental features that we were particular about incorporating in the master plan. As a result, the township showcases a balance between luxury and environment protection. The IGBC pre-certification for Neotown demonstrates our commitment to green and responsible living and we are pleased to provide residents with a self-sustainable community.”

S Srinivas, Principal Counsellor, LEED & IGBC Accredited Professional, Confederation of Indian Industry said, “Green Cities are the future trends in creating sustainable built environments. We at IGBC congratulate Neotown project team for being one of the first few townships in India, to achieve IGBC Green Townships Silver pre-certification.”

Neotown is an integrated township that is designed around environmentally- friendly principles. Some of the features at Neotown include an integrated rain-water harvesting system, sewage treatment plant, solid waste management, solar water heating, in-house nursery, and long-term tree planning. Neotown also has a natural depressed land, which is proved to be restored in the form of pond and it will attract different species of birds. The design and layout of the project offers maximum use of natural light and maximum ventilation, minimizing the use of artificial temperature control.

The township land use system is designed like an employment hub for the city. The project has got innovative credit points for employment generation for more than 100% of the working age population.

About Patel Realty

Established in Mumbai in 2007, Patel Realty is a wholly owned subsidiary of the Patel Engineering Group. Patel Engineering (BSE: PATENG) is a sixty year old company with a global presence in infrastructure, power and tunneling. Patel Realty India Ltd. operates as a diversified real estate development company engaged in the development of real estate and currently has under its development portfolio three integrated townships, along with high end commercial and residential projects underway in Mumbai and several other projects in Noida, Andhra Pradesh, Tamil Nadu as well as Mauritius. The execution of all the projects of the company is backed by its parent company, which has successfully completed over 350 Projects in over six decades and has a global presence in USA, Greece, Indonesia, China, Chile, Eritrea (Africa), Qatar, Nepal, Sri Lanka & Bhutan.

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Original source : businesswireindia.com