Sohna Road to get commercialized by Elan Town Centre

Elan Group, a major realty firm based in Gurgaon announces an auspicious start to their project Elan Town Centre in Sector 67, Gurgaon with the Bhoomi Poojan today. Elan Town Centre, announced earlier this year on 19th July is a new High Street Retail commercial endeavor of Elan Group with a blend of Food Court, Multiplex and Double height shops.

Read more about Alimuddin Rafi Ahmed

Spread across a land area of 2 acres approx, it promises to provide an eclectic retail experience & remarkable hospitality. The project is strategically placed on main Sohna Road with close proximity to proposed metro station and surrounded by Huge Luxury Residential Townships, IT parks, SEZ’s & International Schools and universities. It has great connectivity from the Golf Course extension road, NPR & SPR. and it is the upcoming major Highway.

The project is expected to complete by 2019.

On the occasion Mr. Ravish Kapoor, Director, Elan Group said that “We are delighted to kick start the project. Elan Town Centre will be providing the most eclectic and magnificent retail commercial experience. With the signing of 12 silver screens with PVR, we are positive about its success.”

Details of the Project

Project Launched: ELAN Town Centre

Place: Sector-67, Main Sohna Road, Gurgaon

Land Area of the Project: 2 acres approximately

Cost of the Project: 250 Crore

Location Advantages: Strategically located on Main Sohna Road with Close Proximity to Proposed metro station. Surrounded by Huge Luxury Residential Townships, IT parks, SEZ’s & International Schools and universities. It has great connectivity from the Golf Course extension road, NPR & SPR. and it is the upcoming major Highway.

Read more about Alimuddin Rafi Ahmed

No delay or cost over-run for Delhi metro phase III: Hardeep Singh Puri

The third phase of the Delhi Metro has not experienced any delay in construction or cost over- run, the Rajya Sabha was informed on August 2.

Replying to supplementaries during the Question Hour, Minister of State for Housing and Urban Development Hardeep Singh Puri said the third phase of Delhi Metro involved construction of 190 km rail tracks.

Read more about Alimuddin Rafi Ahmed Fraud

“The third phase of Delhi Metro which currently involves a total of 190 kms is not experiencing any delay in the construction or cost over-runs,” he told the members.

He said the first two phases of Delhi Metro that started in 1997 and 2011, involved construction of a 190 kms over a 14-year period.

Delhi Metro’s Phase 2 which commenced in 2011 and is due to be completed this year involved construction of 180 kms, but is being constructed in half the time, he said.

In a written reply, he said the “Delhi Metro Rail Corporation (DMRC) has informed that due to non-availability of land in time, the progress of work in some stretches of Phase III of Delhi Metro has been hampered.”

“At present, the central government has not received any proposal of enhanced cost of project of Phase III of Delhi Metro,” he said.

Maintaining that Phase III, which is currently being implemented, was started in stages in December 2011, he said “out of a total of 150 kms, 98 kms has been made operational, another 4 kms will be commissioned by June 2019, and balance 3 Kms by December 2020.”

Source: Economic Times, Delhi/NCR

Read more about Alimuddin Rafi Ahmed Fraud

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