Google+ Pune Property: 2014

Sunday, 13 July 2014

Annual Budget 2014 : Best cities , FDI easing to drive real-estate sector

The NDA Govt recently declared a slew of measures to spur the Real-estate sector , among them an allocation of Rs 7 ,060 crore for the growth and development of 100 smart cities , a decrease in the size of projects qualified for FDI from 50 ,000 sq metres to 20 ,000 sqm and halving the minimal investment limit for FDI to $5 million .
Announcing his Budget proposals , finance minister Arun Jaitley said he has also allocated Rs 4 ,000 crore to affordable housing for the urban poor through the National Housing Bank ( NHB ) and plans to extend incentives for real estate loans. Slum improvement has been made part of industrial CSR activities.

The Govt will even provide the necessary benefits for real-estate investment trusts (REITS) which will have a pass-through for the purposes of taxation in effect avoiding two times taxation, Mr Jaitley said.

Giving a definitive direction to the new govt and PM Narendra Modi's plan of constructing smart cities across the country , Jaitley allocated Rs 7 ,060 crore in the budget for developing 100 smart cities , redeveloping satellite towns of largest cities as well as other small cities.

"The opening up of FDI will bring in opportunities for low priced capital for smaller projects as well, increasing quality and delivery of low price and affordable housing projects," said Getambar Anand, managing director of ATS Infrastructure and also the president of the Confederation of Real Estate Developers Association of India (Credai).

At the moment a huge number of projects are not eligible to foreign direct investment because they do not fulfil the minimum threshold conditions. This has meant only big projects, usually on the higher side of the budget range, are able to attract attention from foreign private equity funds.

Since it is election to office, the government has articulated it is idea to provide real estate for all by 2022 for which it wants to sponsor the private sector. Based on the housing ministry, there is a shortage of around 18 .78 million houses in the country of which 96% is in the financially weaker and low salary segments. This move to relax FDI limit will help improve the development of low-cost and cheap housing furthering the government's imagination.

"Relaxation of FDI limit in real estate improvement under the automatic path is a clear road map for inviting investment funds. Relaxation of limit for lowest investments is an invitation to smaller players and higher NRI investment," said Amit Bhagat, leader of Ask Property Investment Advisors, which invests in housing projects.

"The decrease in built-up area and size of projects will allow mid-sized and smaller project developers with good track records better access to FDI and improve affordable housing in the country," said Surbhi Arora associate director, research at property advisory company Colliers International.

REITS too are wanted to provide succor to several liquidity starved real-estate companies that currently have a high level of debts on their books. While the suggestions for REITS were introduced earlier by SEBI, what was missing was the clarity on taxation for the framework because of which not organization has yet taken a call on it.

Thursday, 26 June 2014

Prayag Garden

Prayag Garden, Panvel, Mumbai

Prayag Garden is opens the doorways to recent and unseen heights. The luxurious 1 and 2 BHK residences provide an eco-friendly and fresh view of dazzling panvel. Entire 24 flat and 3 wings are in project. Prayag Developers in Navi Mumbai is among the Premium Real Estate Organization into development and construction of residential apartments, in and around Navi Mumbai.


 -Pollution Free Nature Surrounded by Greenery
-No Forest Zone
-Title Clear Land
-Collectors Approved Project
-Earthquake Resistance Building
-All Buildings Aesthetically Painted with Good Quality of Paint
-Decorative Entrance Lobby for Each Building
-Parking Space
-Vitrified Tiles Flooring in Hall, Passage & Kitchen
-Porcelain / Ceramic Tiles Flooring in Bedroom
-Granite Platform with S. S. Sink & 2’0” Tiling above Platform
-Marble Frame for Toilet & Windows
-Salwood / Marble Door Frame for Main Bedroom
-Loft in Kitchen
-7’0” Height Ceramic tiling in Toilet & up to 4’0” in W.C.
-Internal OBD Paint
-Laminated Flush Door with Fitting for Main Bedroom
-Aluminum Framed Bakelite Sheet door for Toilet
-Concealed Copper Wiring with TV/Tel. Points in Hall & Master Bedroom
-Power Coated Aluminum Windows with Clear Glass

Near By –

Panoramic Resort

Panvel : Waterpark Entry with Meals at Panoramic Resort Karnala ! Vacation Deals also Offered!The Package Panoramic Resort Karnala is a spot where your picnics and get together are fully transformed into a memorable and happy experience. 
Chirping birds and fragrant blossoms, swaying trees & calming mountains, gushing waters and mischievous fountains, elevate your moment with it.

About Builders

Prayag Developers in Navi Mumbai is among the Premium Real Estate Corporation into development and development of residential apartments, all around Navi Mumbai. Well known for its quality planning in the field of development, we are now one of the popular and fastest developing real estate development organizations in Navi Mumbai. Prayag Developers flying start of our stunning future yet still we certainly have a lot to accomplish. With an increase of ambitious projects still in pipeline, and look beyond our strength, capability and potential to deliver you more than expected.

Prayag Garden, Panvel, Mumbai

Ahuja Prasadam, Ambernath East, Mumbai

Lodha Belmondo

Lodha Belmondo is a household project located in Pune. Once you live in the lap of luxurious, every single day is pure freedom and indulgence. A golf course created by golf legend Greg Norman on his own, allowing you to rise up to the moving greens of the golf course with daylight glinting on the river in the distance. The project offers a mix of relaxing lifestyle and healthful environment. The project is within the local area. Site Map determines that the project has excellent connectivity via large roadways along with travelling modes.
The project is actually developed by Lodha Group. It is a top company in real estate market in Pune. The group is well-known for its good quality work and appropriate delivery of projects. It is associated with development of residential and industrial frameworks. Various other projects by the builder contain Lodha Casa Rio and Lodha Casa Rio Gold. It is possible to avail home refinance to invest in a property right here. The project furthermore has interesting repayment plan with various payment method. Take a look at Lodha Belmondo value list for offered units.

The project has six varieties of flats in Gahunje. 1 size of 4bhk beginning with 2736sq/ft, 1 size of 3bhk beginning with 1998sq/ft, 2 sizes of 2bhk beginning with 1341sq/ft to 1701sq/ft, the development is located in Gahunje location. Some of the other popular projects of the builder Lodha Group in Pune city are Lodha The Rise, Lodha Aqua, Lodha Aristo, Lodha Aurum Grande, Casa Rio. Discountedflats has acquired 223 varieties of customers interested in Lodha Group and Lodha Belmondo already.

Facility Provided: -
100% Power backup
AC Lobbies
Children's Play Area
Club House
Hob and Chimney in Kitchen
Home Automation
Joggers Park
Marble Flooring
Modular Kitchen
Solar Heater
Swimming Pool
Vastu Shastra
Very Large Landscape Gardens
VRV Central Air conditioning
White Good in Kitchen

Wooden Flooring in Master Bed Room