The best places to stay on rent in Delhi-NCR

The market for rental accommodation in the Delhi-National Capital Region (NCR), has remained strong, especially along the outskirts. With the government’s demonetisation drive affecting real estate sales, the rental market has gained momentum. Consequently, people should carefully weigh the advantages and disadvantages of renting, to arrive at the best choice. While renting a house, it is important to consider the rental price, as much as the real benefits of living on rent.

Read more about ILD COMPLAINTS

Gurugram

Gurugram and its new sectors in particular, continue to be favorite destinations, for prospective tenants. The metro system, which covers the millennium city, makes it fairly easy to travel within Gurugram.

“Golf Course Extension and Sectors 47, 50, 55 and 56, are the most-preferred rental destinations in Gurugram, owing to their proximity to established social infrastructure, such as educational institutions, healthcare centres, entertainment zones, commercial hubs and connectivity by metro and other modes of transport,” says Geetanjali Anand, director, Andy Home.

Faridabad

Another workable option is Faridabad, which is finally getting its due. It has turned into a hub for buying property in India.

The uniform level of occupancy, makes Faridabad a very affordable option to rent a house, as well. The area enjoys good connectivity with Noida, Gurugram and Delhi.

The metro connects the satellite town to Noida and Delhi. The Gurugram-Faridabad Expressway also helps commuters to cover the distance between the two towns swiftly.

Delhi

If you still long for a rental house in Delhi, Dwarka offers a wide range of affordable choices, among other options. This sub-city is connected through the Delhi Metro and is at a close distance to Gurugram and the airport.

According to Anand, “The best locations for rental accommodation in Delhi-NCR include Saket, Vasant Kunj, Lajpat Nagar and Freedom Fighter Enclave in the south, Palam Vihar and Dwarka in the west and Mayur Vihar Phase I in the east.”

Jitendra Parmar, PR associate at PR Grid, adds that in west Delhi, people can also consider Rajouri Ganden, Punjabi Bagh, east Patel Nagar or Janakpuri B and C Blocks and Krishna Park.

“The best places to stay on rent in south Delhi are Katwaria Sarai, Munirka, Vasant Vihar, Anand Lok, Lajpat Nagar III and IV, as these areas have good connectivity with the rest of Delhi. In east Delhi, the areas are Preet Vihar, Vivek Vihar, Karkardooma and Rajdhani Enclave and in north Delhi, Model Town, Shalimar Bagh, Rohini and Pitampura and Palam Vihar near Gurgaon, are viable locations for rental space,” says Parmar.

Noida

Low rentals and employment opportunities, make this region an attractive option for living on rent.

“In Noida, sectors 74 and 78 are the ideal places to live on rent, due to its proximity to employment hubs in Noida and Greater Noida,” explains Parmar. Other sectors that have large demand for rental accommodation in Noida, include sectors 137 and 144. “In the luxury segment that many diplomats and expatriates look for, Diplomatic Enclave, Golf Links, Sundar Nagar, Prithvi Raj Road and Jor Bag, are some options,” adds Parmar.

Checklist for tenants, before finalising a rental house

While tenants have numerous options for renting properties in Delhi-NCR, the process is often not so simple due to different factors. Prospective tenants should prepare a checklist and consider the following factors, before arriving at a final decision:

• Commuting distance and time, especially traffic.
• Public transport network even if you are dependent on your car, for last mile connectivity.
• Occupancy in the society you choose to live in.
• Safety and security in your neighborhood.
• Availability of basic amenities in the area.
• Paperwork to be done, including studying of rights of tenants and landlords.
• Check the rent agreement format and make sure you are not paying an annual rent for a benami property.

Read more about ILD COMPLAINTS

JK Cement recognized amongst the most desirable 30 power brands 2018

JK Cement has been awarded the title of India’s ‘Most Desirable 30 Power Brands 2018’ at the prestigious second edition of the Indian Power Brands awards held in Mumbai. The award is a recognition for JK Cement’s effort at building a brand that has a unique heritage and a legacy of excellence and is yet constantly innovating and evolving its brand strategy.

Read more about ILD Complaints

The award was presented by Bollywood superstars Vidya Balan and Moushumi Chatterjee at a star-studded glittering ceremony, organized by the Planman Group and held at Hotel Orchid in Mumbai. The event witnessed several dignitaries and popular names from the film industry as well. Power Brands research is an annual and ongoing national survey process conducted by the Indian Council of Market Research (ICMR).

JK Cement, one of the top ten producers of cement in the Country, has partnered India’s multi-sectoral infrastructure needs on the strength of its product excellence, customer orientation and technology leadership. Brand JK Cement stands for trust, respect and creating value.

Mr. Yadupati Singhania, Chairman & Managing Director, JK Cement said, “It is a matter of immense pride that JK Cement has been conferred with the Power Brand status. This recognition is a fitting testament to our efforts and our continuous commitment to strive for excellence in our domain. We will continue to work towards taking our brand to greater heights.”

 Prof. Arindam Chaudhuri, Founder, Daily Indian Media said, “JK Cement has been making its presence felt across the Country and the brand truly deserves the title of Most Desirable 30 Power Brands for its great brand”.

 Recently, Mr. Yadupati Singhania was also awarded the Best CEO award at the 5th Business Today MindRush this year held in Mumbai. Under Mr. Singhania’s leadership, JK Cement has recorded various accomplishments, positioning itself as a premier contributor in the Cement Industry and towards nation building.

Raining monsoon offers by Realty players

July is not a lean period for the realty sector this year as developers are lining up freebies and discounts for homebuyers.

The monsoon season (June-August) is traditionally a low-key period for the real estate. But this year one is witnessing an unusual marketing and sale activity by the real estate players, especially in the NCR.

Read more about ILD Complaints

This unusual trend is being reflected in the ad blitz kicked off by developers much ahead of the usual festive season sales. More than 18 developers of the NCR region have been running full-page ads in leading newspapers regarding such monsoon offers for buyers like DLF, Vipul, Godrej, Experion, Mahagun, ATS, Prateek, Supertech, Central Park etc,  Gaurs and ATS groups are running home festivals to woo buyers in Noida and Greater Noida.

Catching them early
According to Magicbricks Property Index Report, the marketing momentum in the rainy season this year is built on housing sale upswing reported in the last quarter of FY18, with 66 percent of the 750 major locations in the country witnessing price stability or price increase over the last financial year.

NCR’s affordable housing player GLS Group, according to its Director, Surinder Singh, has been able to sell 271 units in this season so far in the lean season.

Compulsion to reduce inventory
Instead of paying tax to the government on more than one-year-old inventory, the fund-starved developers prefer to pass on the benefits to buyers and generate cash flow.

Sudhir Pai, CEO, Magicbricks.com, says, “In a recovering and competitive market, developers do not want to miss any opportunity to acquire customers, season notwithstanding. With extended sale cycles being the new norm now, developers have moved from campaign-based selling to more sustained year-long sales activity”.

Gathering momentum
The active marketing stance of developers and brokers in July this year is helping them prepare a good ground for the festive season ahead.As the marketing activity gains further momentum with higher allocation for ad budget during the festive season, real estate experts expect sales to further pick up.

Digital thrust
Magicbricks’ revenue for the quarter ending June, registered 48 percent increase on account of robust property transactions. According to brand expert Haresh Moitrale, Founder Director, Brandniti + Design, this sale momentum has a lot to do with marketing communication changing from larger-than-life to more transparent and less gimmick communication, especially after RERA implementation.

What’s on offer?
Prateek Group’s offers for furnished AC homes include no EMI till possession with no charges for IDC, PLC, club membership, car parking and freehold conversion, besides offering free modular kitchen, power back-up, EEC etc.in its Diwali se Pehle Diwali offer for Gaur City, Gaur Saundarayam and Gaur Siddhartha projects, the developer is offering multiple waivers on GST, club membership, car parking, floor PLC, power back-up installation etc, besides free semi-modular kitchen, AC, TV etc, lease rent and free maintenance for six months. 

Read more about ILD Complaints

Career options in Real Estate

The real estate industry has traditionally been unorganised in India. However, of late the sector has turned towards corporatization. The implementation of Real Estate (Regulation and Development) Act (RERA) 2016 has acted as a catalyst to that effect. The sector is opening up to trained, informed and educated professionals as in any other industry.

Read more about ILD complaints

Some of the salient career options in the real estate industry are enlisted hereinafter:

1. Residential real estate broker: A broker who essentially deals in residential properties and may act on behalf of a buyer or a seller of such property.
2. Commercial real estate broker: A broker who deals mainly in commercial properties such as hotels, office space etc. Such a broker may concentrate solely in retail, office, mall, industrial, or hospitality space. His job entails extensive market analysis as commercial real estate is a preferred investment sector.
3. Real estate appraiser: A real estate appraiser determines the fair market value of a property for sale on behalf of an appraisal firm, bank or a private investor. They are often involved in refinancing.
4. Property manager: A property manager looks after the investment of owners in properties. He is normally a part of a property management firm. He handles customers and manages their rent and lease deals. Good negotiation and people management skills are required for the job.
5. Facilities manager: Facility managers are entrusted with the job of managing large real estate projects such as residential townships, office buildings and malls. Their job entails reducing overheads and thereby maximising the profitability of the project.
6. Real estate investment consultant: A real estate consultant is expected to have extensive inside knowledge of the industry. He advises property investors with respect to the best available options. The primary task of a real estate investment consultant in to locate properties the value of which is most likely to give a higher return on investment in the future.
7. Project development experts: A project development expert advises developers on all aspects of a project from the blueprint stage to the final stage of deployment. His main task is to help create saleable properties.

There are still only a few institutions for training and development of individuals to take up jobs in real estate. In 1998, the government of India established the National Real Estate Development Council (NAREDCO) under the aegis of the Ministry of Housing and Urban Affairs. It offers a 3 week certificate course for real estate agents, sales personnel, customer care executives, direct sales agents and home loan agents etc.

Apart from the aforesaid, there are some private institutions that offer diploma courses in the field. The Nirem Institute of Real Estate Management (NIREM) in Delhi, Real Estate Management Institute (REMI) in Mumbai and Institute of Real Estate and Finance (IREF) in Lucknow are only to name few.

While a career in real estate industry appears to be a lucrative proposition for the future, and obtaining a diploma or certificate is advisable, currently most professionals in the field are recruited on the basis of potential and trained on the job.

Read more about ILD complaints

Chief Minister of Maharashtra Visits Virgin Hyperloop One’s Test Facility to View Live Test; Feasibility Study of Pune-Mumbai Route in Advanced Stage

Chief Minister of Maharashtra, Devendra Fadnavis, and representatives from the State Government including the Pune Metropolitan Region Development Authority (PMRDA) visited Virgin Hyperloop One at their full-scale hyperloop test site in the Nevada Desert — building upon the historic Framework Agreement signed in February to build the first hyperloop in India. Justin Fishner-Wolfson and Nick Fox were in attendance as well, representing Virgin Hyperloop One’s Board of Directors. The Pune-Mumbai hyperloop project has currently reached the midpoint of the in-depth feasibility study, which is on track to finish this summer.

Read more about ILD complaints

“This was a very fruitful discussion and we should be able to start moving on this project very fast,” said Shri. Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra.

The feasibility study will build upon the findings of the pre-feasibility study signed in November 2017 between Virgin Hyperloop One and the Pune Metropolitan Region Development Authority (PMRDA). Virgin Hyperloop One’s feasibility study team consists of world-class experts from Systra, KPMG and Turner & Townsend who will analyze and define the route alignment including environmental impacts, the economic and commercial aspects of the route, the regulatory and safety framework, and cost and funding strategies to deliver the project. A significant proportion of the Virgin Hyperloop One system components are expected to be manufactured locally, especially in Maharashtra — creating new high-technology and manufacturing jobs.

The Hyperloop route will link central Pune, Navi Mumbai International Airport, and Mumbai in 25-minutes, connecting 26 million people and creating a thriving, competitive megaregion. The high-capacity passenger and cargo hyperloop route will eventually support 150 million passenger trips annually, saving more than 90 million hours of travel time, and providing citizens with greater opportunities and social and economic mobility. The Hyperloop system will also have the potential for the rapid movement of palletized freight and light cargo between

the Port of Mumbai and Pune, creating a robust backbone for on-demand deliveries, supply chains, and next-generation logistics.

“I am incredibly excited to see this Pune-Mumbai hyperloop project go from a vision to reality as it starts detailed planning. The opportunity is enormous — to connect 26 million people with access to affordable infrastructure that will unlock significant economic and social value,” said Sir Richard Branson. “It is an honor to work with the State of Maharashtra and its key stakeholders, sharing their vision to transform not only transportation but wider society.”

The Pune-Mumbai route could result in USD $55 billion (INR ₹350,000 crores) in socio-economic benefits (time savings, emissions and accident reduction, operational cost savings, etc.) over 30 years of operation, according to an initial pre-feasibility study completed by Virgin Hyperloop One. The 100% electric, efficient hyperloop system will ease severe expressway congestion and could reduce greenhouse gas emissions by up to 150,000 tons annually.

“Traditionally, transportation has been very vertically integrated. With a wealth of talent and technological prowess right here in India, we’re looking for local partners to scale an integrated supply chain ecosystem,” said Virgin Hyperloop One CEO Rob Lloyd. “The State of Maharashtra is positioning itself at the epicenter of a new global supply chain.”

Read more about ILD complaints

HDFC ERGO Launches Title Insurance Cover For Property Developers.

HDFC ERGO, country’s third largest non-life insurance provider in the private sector, today announced the launch of ‘Title Insurance Policy’, a first of its kind product in the private insurance segment in India.

Read more about ILD complaints

This specialty insurance product provides Indemnity to property developers and the subsequent owners of the property against losses and risks related to defects in Property Title arising out of Third Party challenges not discovered prior to the commencement date of the policy due to the Title of Property belonging to someone other than the Insured, Descriptions & Plans in Historic deeds of the property being inadequate, Historic transaction being subject to an act of fraud or forgery by a third party that adversely affects insured’s rights over the title of the property, Title to the Property being subject to Unknown Burdens or Discharge of Burdens which may have been imposed in historic deeds executed prior to the commencement date etc.

Moreover, defence costs / Legal costs incurred are also covered under the policy. Also, certain known defects in the title may also be covered under the policy by specific underwriting assessment for an additional premium.

The product has been developed stemming from the requirement of the Real Estate Regulation and Development Act 2016 (RERA), which mandates the purchase of Title Insurance for all new and ongoing property developments registered with the regulatory body.

Commenting on the launch of the new product, Mr. Anuj Tyagi, Executive Director & Chief Distribution Officer, HDFC ERGO General Insurance Company, “We are always looking at opportunities to offer protection to the customers from any unforeseen financial losses. Title insurance is one such innovative product that will provide customers’ the peace of mind from Title risks related to the land on which the property rests. It is crucial and a must-have, for developers not only because it is mandatory but is as an effective risk transfer mechanism.”

This new Title insurance policy will prove beneficial to real estate developers, property investors and housing finance companies. The policy can be obtained by developers and is subsequently assigned to the association of allottees or allotees /members of the housing societies, who are the ultimate beneficiaries of the policy.

For more information on the policy and the full range of HDFC ERGO Insurance products please contact HDFC ERGO representative. In addition, for further details on risk factors, exclusions, terms, and conditions please read the sales brochure before concluding a sale.

Read more about ILD complaints

JK Cement all set to host the 27th edition of Architect of the Year Awards

JK Cement, India’s premier cement company will give away the 27th Architect of the Year Awards (AYA) -2018 on July 28, in Ahmedabad. The prestigious award is JK Cement’s annual flagship event and is aimed at rewarding and encouraging outstanding talent in the field of architecture across the globe. The revolving category this year is Religious Architecture, which is aimed at acknowledging the sacred designs constructed over the years.

Read more about ILD Complaints

The Architect of the Year, the Architect Student of the year, the Young Architect Award, Foreign Countries Architect Award and Green Architecture award are some of the prestigious categories at AYA. The jury for the award includes renowned names from the Indian architect fraternity (refer list).

Mr. B.V. Doshi, the most iconic Indian architect, and Pritzker architecture prize laureate winner will grace the award ceremony as the Chief Guest.

The ceremony will be followed by a panel discussion between Ar. B.V. Doshi and other senior architects, who will share their perspectives on ‘Future of Architecture — Architectural Ethics and Prospects’.

Speaking on the success of the AYA, Mr. Yadupati Singhania, Chairman & Managing Director, JK Cement Ltd. said, “It has been a tremendous journey so far, and we are proud to say that AYA has created a legacy of encouraging architectural excellence. AYA, that was initiated over 25 years ago, has attained phenomenal success and earned great respect amongst the architect fraternity. I extend my heartiest congratulations to all the nominees and wish them all the best.”

The prestigious AYA Awards is attended by the most celebrated names in the world of architecture and is one of the most anticipated events of the year for leading architects. This year, the jury received over 212 entries from India as well as its neighboring nations, including Bangladesh, Bhutan, Kenya, Maldives, Mauritius and several others.

Mr. M.P. Rawal — Administrator (AYA) & Advisor, JK Cement Ltd. said, “We are truly overwhelmed to see the sheer number of entries and the quality of nominations. We have participants from all age groups, both the established and the young aspirants from various parts of the country as well as neighboring nations. We feel proud for having created a platform for recognizing the outstanding work done by the architect community.”

Read more about ILD Complaints