India property market gone

Say you signed an agreement (contract) with a developer to purchase a 2 bedroom property in India 2009.

They give you a payment schedule that of course you are forced to comply with. If you missed your quarterly instalment of 5 or 10% and the developer promptly sold the unit on the market at what of course would have been a much higher price in those days.

But no, you were a good counterparty and payed all your dues on time.

You have payed up to 60% of the value of the property. But the developer has yet to even stick a shovel into the ground more than 2 years later!

Common sense and morality dictate, yes, DICTATE, that you deserve to get your money back. Allow yourself for now to forget about demanding interest on the amount, because you wanted to be Islamic, and accepted the fact that you took investment risk…

Will you get back the amount you have paid so far in full now that the project has been scrapped?

A resounding NO from RERA and Land Department

“
If construction has not yet started, the developer may revoke contract and deduct up to 30 per cent of amount paid by purchaser.”

Parkwood Glade – Landran Road, Mohali Chandigarh.

Overview
Parkwood Glade Mohali brings you the opportunity to leverage your earnings to get you the lifestyle you deserve – now. Modern living in contemporary 2 and 3 BHK Apartments. The elegant complex offers spacious 2 and 3 bedroom apartments surrounded by landscaped gardens and facilities designed to enable people like you to enjoy life to the fullest.

Features of Parkwood Glade

24 hours manned perimeter security for the complex

CCTV on tower entrance for surveillance linked to main security control room.

Emergency call switches in each apartment

Intercom facility with link to complex main gate

Provision for cable & broadband connectivity

Modern fire fighting,electricity and water supply system

In-house club with gym, steam, sauna, jacuzzi and swimming Pool

Modular kitchen cabinets with hob and chimney

Laminated wooden flooring

Latest water-harvesting techniques

Plenty of car parking space with dedicated parking slots Plan

About Developer
Parkwood Group is a niche real estate development firm that caters to its customers; cares for its customers; and carves quality living for its customers. The company was conceptualized, nurtured and brought to newer heights by Mr Harpreet Singh, a promoter of Bank of Punjab Limited. Today, under this guidance and expertise, Parkwood Group myriad projects that epitomize top-of-the-line architecture, contemporary designs and affordability.Located on the Kharar Landran Road, proximate to the multiplex and shopping malls, Parkwood Glade is a mere kilometre away from the upcoming golf course and lake, close to the IT sector, many company HQs and the Chandigarh Engineering College.

Experience is what we count on and experience is what we make you count on. With over 3 decades of presence, we have carved a niche for ourselves in the real estate sector. We have completed many projects in the past with many more in the pipeline in major north Indian cities like New Delhi, Mohali, Jalandhar and Gurgaon. Our real estate projects range from commercial to residential to IT Parks and also visit more chandigarh real estate visit – investinnest.com.

Locations of Parkwood Glade

Prices of Parkwood Glade

Type	Size(Sqft)	Price PSqft(Rs)	Amount(Rs)	Booking	Status	Floor Plan	Specials
2 BHK	1025	2200	22,55,000	15%	Booking Open		Incl EDC/IDC Charges
2 BHK	1230	2200	27,06,000	15%	Booking Open		Incl EDC/IDC Charges
2 BHK	1325	2200	29,15,000	15%	Booking Open		Incl EDC/IDC Charges
2 BHK	1435	2200	31,57,000	15%	Booking Open		Incl EDC/IDC Charges
2 BHK	1490	2200	32,78,000	15%	Booking Open		Incl EDC/IDC Charges
3 BHK	1675	2200	36,85,000	15%	Booking Open		Incl EDC/IDC Charges

For More Details about this project –
http://www.investinnest.com/properties/Parkwood%20Developer/parkwood_glade.htmEnquiry Now

 

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Chandigarh Property Back on Track …

The curtains are down on the 2008. The year which began on a good note for real estate sector in Chandigarh brought anxiety for builders in the last quarter as demand fell sharply.

Due to the global economic meltdown demand slowdown coupled with liquidity crisis mega projects coming up in the state moved at snail pace. Evaluating the performance of Real Estate sector in the Chandigarh the president of Punjab Colonisers and Builders Association said 2008 was worst for the sector.

The demand for housing fell sharply and due to the liquidity crunch most of the builders had harrowing time in executing their plans. Despite the rising construction and labour costs which were discouraging the builders to reduce the property costs price came down. It is expected that inflated land prices will come down further to some extent. However with banks lowering interest rates on home loans the situation may become conducive for the industry. However most of the major real estate group of including DLF Unitech Parsvnath and Omaxe and Ansal who have various residential and commercial projects in Chandigarh maintained that the market of Chandigarh was favorable to them due to high consumer spending of people.

Talking to FE D S Sachdev Ansal API said Chandigarh Property has a good appetite and carries an immense potential for the real estate sector.Theyear2008 was not excellent for this sec tor and the last quarter of the year was terrible as there was no demand at all. But by mid 2009 things will brighten up for this sector. However Chandigarh has always been a favourable market for us unlike other city of the country. We witnessed demand for all three categories midsegment upper and premium segment. We registered 70 bookings for commercial projects and 70 demand for builtup houses.

The banks should lend support in increasing the consumer demand by lowering their rate of interesthe added. Supporting his comments vice president of Omaxe said Chandigarh Property  has been consuming more than other states and despite various challenges posed by the economic meltdown the state market proved fruitful. He also claimed there was no delay in carrying out the plans and hoped to expand further in Punjab.

Ansals Woodbury Apartments Zirakpur Chandigarh

About Developer Ansal Housing

Ansal one of the Premier Real Estate Developers in India and Overseas who have worked relentless for decades, to help build a stronger nation. Ansal Housing is committed to quality construction and completion of projects within the time frame promised to our customers and maximum possible transparency in our operations.
Since inception in 1983, Ansal Housing has given a new dimension to Indian infrastructure development. The Company has developed world-class townships, residential complexes, commercial complexes, retail space, hotels and movie-halls that have set new standards in quality and architectural excellence, delivering the best to its customers, stakeholders and investors.

Ansals Woodbury Apartments

Ansals Woodbury Apartments is spread across approx. 2.5 acres and is adjacent to the proposed NAC park of 6 acres. This residential project targets the premium end of the market and will have apartments 1/2 BR + Future Room ranging from approx. 1200 sq ft to 1745 sq ft.
Highlights

• •    Price starts from Rs.2514000
• •    Ansals Woodbury Apartments is approximately a kilometer off the Zirakpur-Patiala highway
• •    Choice of 1/2 BHK+Future Room
• •    Size of apartments vary from 1200 sqft to 1745 sqft
• •    Possession by Feb 2010
• •    Convenient Shopping Facility
• •    Designer gate
• •    Boundary Walled Complex
• •    Designer External Lighting
• •    Rain Water Harvesting
• •    Beautiful Landscaped Parks and Gazebo
• •    Sample Flat Ready

Ansals Woodbury Apartments Features

Children Play Area with Swings  Two Elevators of Reputed Brands per block   Club with Swimming pool & Gymnasium       Separate Servant Toilets with 3 Bedroom Apartments      Ample Stilt Parking       Fire Fighting Arrangements       Power Back-up (2 bedroom – 3KVA & 3 bedroom – 5KVA)       Intercom Facility within the Complex including Security Gate       Two Elevators of Reputed Brands per block       24 hrs. Centralized Security       Earthquake Resistant RCC Frame Structure       Modular kitchen

Location of Ansals Woodbury Apartments

Ansals Woodbury Apartments is approximately a kilometer off the Zirakpur-Patiala highway and located near the tri-junction of Dera Bassi, Patiala and Chandigarh.

• Key Distance
• Zirakpur Chowk 3.5 km
• Chandigarh Airport 5 km
• Railway Station 7 km
• Chandigarh ISBT 10 km
• IT Park 12 km
• Sect 48,49 Chandigarh 7 km
• S.A.S. Nagar, Mohali 7 km
• P.G.I. 12 km
• GMC (Chandigarh) 8 km
• Fortis 12 km

Price of Ansals Woodbury Apartments

Type	Size(Sqft)	Price PSqft(Rs)	Amount(Rs)	Booking	Status	Floor Plan	Specials
1 BHK+Future Room	1200	2095-2145	2514000	15%	Booking Open		N/A
2 BHK + Future Room	1745	2095-2145	3655775	15%	Booking Open		N/A

Payment Plan/Booking Procedure for Ansals Woodbury Apartments

Book your apartment at Ansals Woodbury Apartments in few easy steps below.
1) Identify your apartment.
2) Arrange site visit for your family or friend in 24 hrs by calling our support desk.
3) Pay earnest amount on application.
4) Booking amount Cheque in the name of “Ansal Housing & Constructon Ltd”.
5) Receive booking confirmation, Receipts from Ansal.
6) Any queries, contact Investinnest customer support in your respective country at numbers mentioned below.

DOWN PAYMENT PLAN WITH 10% REBATE IN BASIC COST
At the time of Application / Booking of Flat: 15%
Within 45 days of Booking of Flat: 80%
On offer of Possession: 5% along with other charges

TIME LINKED PAYMENT PLAN
At the time of Application/Booking of flat: 15%
Within 2 Months of Booking of Flat: 10%
Within 4 Months of Booking of Flat: 10%
Within 6 Months of Booking of Flat: 10%
Within 8 Months of Booking of Flat: 10%
Within 10 Months of Booking of Flat: 10%
Within12 Months of Booking of Flat: 10%
Within14 Months of Booking of Flat: 10%
Within 16 Months of Booking of Flat: 10%
At the time of offer of Possession: 5% along with allied charges

Other Charges
Club membership charge Rs. 60000/-
Covered parking Rs.100000/-
PLC Rs. 50/- Per Sq. ft. (Park Facing)
For Top Floor Rs. 150/-

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Jaipuria Sunrise Greens Chandigarh

About Developer Jaipuria Group 

Welcome to the world of Jaipuria’s. Established in early fifties a multi faceted group with an annual turnover of 4000 crores has been involved in bringing the best to the society at large. Today Jaipuria’s portfolio boasts of association with majors like PepsiCo as bottlers, Raymonds as franchises , Delhi Public School as partners in bringing quality education to people of Gurgaon & Jaipur, management and distribution of Niranjan an ayurvedic cosmetics / medical products along with units of Manganese mining.

The group is on the verge of completion of Jaipuria’s Sunrise Greens, Housing Project and Jaipuria’s Sunrise Plaza, Shopping Mall both at Indirapuram, Ghaziabad.The group is widely regarded for its rich values, integrity and sound business ethics and being an ISO 9001:2000 certified company is on ride to reach new heights with rich brand value and name “JAIPURIAS”.

Overview on Jaipuria Sunrise Greens 

Jaipuria’s Sunrise Greens at Zirakpur, Chandigarh – a new meaning to modern lifestyle is a prestigiuos Group Housing Project.Spread over 15 Acres, offering 2/3 BR apartments with area from 1288 sq ft to 1745 sq ft with all modern amenities.

A fully – grown city with the most modern architectural splendor and an area of over 114sq. km. has inspired Jaipuria Group to create an abode of peace and harmony.Jaipuria’s Sunrise Greens, Chandigarh is all set to create a world of happiness and fulfilment.

• Price starts from Rs.2801400
• Placed at the junction of Patiala-Chandigarh & Ambala-Chandigarh Road
• Choice of 2/3 BHK apartments
• Area ranging from 1288 sq ft to 1745 sq ft
• Possession by Dec 2009
• 2.5 acres Central Green Park
• Approach for four directions
• Fire fighting equipments
• Two elevators per block
• Earth quake resistant structural design

Features of Jaipuria Sunrise Greens 

       Recreational Club
        Swimming Pool
        100% Power Backup
        Basement Parking
        Landscaped courts & Relaxing lawns
        Eco-friendly rain water harvesting
        24 hrs water supply
        Walled complex with 24 hrs security
        Common library with Hi-class Gymnasium

Location of Jaipuria Sunrise Greens 

Strategically placed at the junction of Patiala-Chandigarh & Ambala-Chandigarh Road at the heart of down town Chandigarh.

 Price of Jaipuria Sunrise Greens    

Type	Size(Sqft)	Price PSqft(Rs)	Amount(Rs)	Booking	Status	Floor Plan	Specials
2 BHK	1288	2175	2801400	12%	Booking Open		N/A
3 BHK	1745	2175	3795375	12%	Booking Open		N/A

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Chandigarh Real Estate

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Call -   T: +44 (0)845 43 000 15, T: +1 917 338 6416,   T: +971 50 644 6852, T: +91 120 4207237, 36

Nirmal Chhaya Tower Chandigarh

About Nirmal Chhaya Tower
               
Every once in a while there comes an entity that is born to change the status quo, raise the bar and even make a difference. Pearls Infrastructure Projects Limited is one such organisation. India is one of the fastest growing economies of the world and its growth is fuelled by the need to rapidly expand infrastructure, roads, bridges, commercial complexes, retail and townships. Pearls Infrastructure Projects Limited is seriously working to develop these areas some of them being in various stages of development.’ imprint is present in every one of these areas of development.For a starter Pearl Infrastructure is in 15 states namely, Delhi, Uttranchal, Rajasthan, Maharashtra, Goa, Chattisgarh, HP, UP, Karnataka, Tamil Nadu, Madhya Pradesh and Punjab
 
 
Overview  of Nirmal Chhaya Tower 

Nirmal Chhaya Towers, a world where value for money isn’t about a compromise .It’s about delivering more for less. It’s about redefining the quality of life, and offering the best in its class. It’s about redefining the quality of space, in design, dimensions and luxury, Nirmal Chhaya Towers – Zirakpur will provide quality living to the people in the form of luxury apartments and duplex penthouses. The well-integrated flats will be self sufficient in every aspect of a modern lifestyle.
Spread over an area of approx 17.5 acres) and comprises of 771 apartments of 2/3/4 Bed Rooms and 5 Bed Room penthouses with ample amenities and more than 70% open green area. The apartments are self -sufficient in every aspect of a modern lifestyle.
    * Price starts from Rs.2713200
    * Situated at VIP road and has direct approach from Ambala -Chandigarh Highway
    * Choice of 2/3/4/5 BHK apartments
    * Size of apartments vary from 1292 sqft to 1895 sqft
    * Possession by Aug 2009
    * Local Shopping Arcade
    * State-of-the-art Communication system
    * Club & swimming Pool
    * 100 % Power Back-up
    * 24 hours Water supply
    * 24X7 High End Security Systems
Features of Nirmal Chhaya Tower 
Living / Dining-  Flooring- Vitrified tile with border and wooden Skirting 100 mm high

                      Wall- OBD over POP

                      Roof – OBD over POP with POP cornices

                      Internal doors – Hard wood flush doors with teak finish laminates

                      Windows- Aluminium 14 gauge triple sliders with 5 mm thick Glass

Master Bedroom- Flooring- Wooden laminated Flooring and wooden skirting 100 mm

                      Wall- OBD over POP

                      Internal doors – Hard wood flush doors with teak finish laminates

Kitchen – Flooring- Anti Skid Vitrified tiles and wooden Skirting 100 mm high

                      Wall- Ceramic tiles 2

Toilets- Flooring- Antiskid ceramic tiles

                   Wall- Designer ceramic tiles up to 6

Location of Nirmal Chhaya Towers

Nirmal Chhaya Towers” a residential apartments project is situated at VIP road and has direct approach from Ambala -Chandigarh Highway.The planned location of the project invites investors and customers alike. Zirakpur is situated in close proximity to the state capital Chandigarh real estate. It is on the Chandigarh-Delhi highway and a couple of kilometers from Chandigarh airport. Zirakpur’s strategic location on three busy highways of Chandigarh-Ambala, Chandigarh-Zirakpur-Patiala and Chandigarh-Zirakpur -Panchkula is proving to be its assets to emerge as the real estate hub of the region. Zirakpur also has an excellent connectivity advantage by a flyover at Patiala T-point & Shimla T-point.

 Price of Nirmal Chhaya Tower 

Type	Size(Sqft)	Price PSqft(Rs)	Amount(Rs)	Booking	Status	Floor Plan	Specials
2 BHK	1292	2200	2842400	10%	Booking Open		N/A
3 BHK	1895	2200	4169000	10%	Booking Open		N/A
4 BHK	2358	2200	5187600	10%	Booking Open		N/A
5 BHK	3893	2200	8564600	10%	Booking Open		N/A

 

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Call -   T: +44 (0)845 43 000 15, T: +1 917 338 6416,   T: +971 50 644 6852, T: +91 120 4207237, 36

For More info Chandigarh Real Estate Visit www.InvestInNest.com

INDIA COMMERCIAL PROPERTY (2008-2009)

The Indian real estate is growing and in the process of transition due to key regulatory developments happening in this space. India’s real estate market can be divided into two components:

· Residential Real Estate

· Commercial Real Estate.

There are huge demands for both the residential and commercial properties in the country but the commercial property is leading the race. Today, the big realty developers are eyeing all leading Indian cities to construct a hallmark commercial building in the form of shopping malls, IT parks, SEZs, Service apartments, Hotels etc. across Mumbai, Delhi, Chandigarh, Pune, Noida, Gurgaon, Chennai, Bangalore, Hyderabad and Kochi as well.

Market Trends and Forecasts

According to the market estimation of the consultancy firm Jones Lang LaSalle, 70 per cent of the office space requirements is driven by the over 7,000 Indian IT and ITES firms, other 15 per cent by financial services and pharmaceutical sector and the remaining 15 per cent by other industrial sectors and chennai real estate is picking much faster as compare to other sector.

\

According to ‘Emerging Trends in Real Estate Asia Pacific 2007,’ published by PricewaterhouseCoopers and the Urban Land Institute, Mumbai ranked second after Singapore, placing it among the top cities in which to buy office space. The report identified Bangalore among the top five markets in the retail sector.

Chandigarh Property Prices

Introduction

Chandigarh real estate is witnessing a surge in property prices because of its strategic location, the main reason for arousing investors’ interest. Despite a downtrend recently, Chandigarh property market is stagnant rather than not in a slump. Thus, there has been a drop in Chandigarh property values by 10-15 percent and not more than 20 per cent. The eminent players in Chandigarh property market include Uppals, Emaar MGF, DLF, Pearl Infrastructure, Parsvnath and Rishi developers are promoting real estate development both in residential and commercial in a big way i.e. Chandigarh real estate is opening up to changing trends in the property market for investors and buyers.

Real estate growth drivers

Chandigarh property market is one of the emerging real estate destinations due to the fact that it’s rated as the “Best City to Live In” by a leading magazine. The following are Chandigarh real estate growth drivers are:

· Well planned infrastructure

· Strategic location

· The gateway to North India

· A destination for IT/ITES/BPO companies

· Low operational costs and

· Sufficient availability of land

Residential real estate

Chandigarh real estate boom is due to industrial group’s large investments in recent years. This has led to growth of large residential properties venture in the non –metro cities and number of real estaete dveleopers has started constructing different forms of residential housing like farm houses, residential apartments, commercial complexes, shopping malls etc. The residential sectors like 21, 22, 24 are transforming into modern apartments and individual houses.

The property boom was high during October, 2004 to 2006. Chandigarh flats were available for Rs.22 lacs in 2004 and escalated to Rs.52 lacs in 2006. After 2006, there has been a downward trend in Chandigarh residential real estate sector. The land prices are falling in between Rs.2200 – Rs.2500 per sq.ft. An average 3-BHK apartment is available in the range of Rs.8000-10,000 per month depending on the location and 1-BHk in the range of Rs.5000-6000 per month.

Commercial real estate

The organized retailing is really picking up well that changes the commercial real estate landscape in Chandigarh property market in recent years. The majority of the retail activities are concentrated in the sectors 14, 17, 18 and 22 but sector 18 and 22 attracts the hardware goods, apparels and shoes. Sector 17 has attracted the world’s big retail brands to line up.

However, the commercial sector is picking up like never before due to the fact that office and retail spaces are creating more demand in the city. The commercial property values have gone over Rs.200 per sq. ft per month in the premium location of Chandigarh property in the last 3-years. The major commercial real estate projects are the development of 375 acre Chandigarh Technology Park and DLF‘s Infocity.

The real estate developers are offering the customized design office spaces like Grade A, Grade B and Grade C to meet the requirements of the techno–giants as per the international standards.

Road Ahead

In recent years, the high property values and high rate of interest on home loans have led to a downward trend in Chandigarh residential sector. Due to large investments from IT/ITES/BPO segment have surged the property rates in commercial segment. On a whole, Chandigarh real estate is primarily driven by IT/ITES industries. Since, Chandigarh property market is stagnant for a while, the buyers and sellers are looking in the neighboring areas like Panchkula, Mohali, Mullanpur, Zirkapur and DeraBassi for cheaper real estate.

For more details on Chandigarh Properties, log on to www.investinnest.com

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Uniworld Executive Floors Mohali Chandigarh

Overview - Uniworld Executive Floors
The joy of living can be witnessed and experienced everywhere in this architectural wonder. The Executive Floors are located within the Uniworld City- a huge residential and commercial project. Experience what clean healthy living should be at Executive Floors, low rise luxury residences at Uniworld City.The executive floors are individual floors that have been turned into 3 BHK units. These residential units are housed in G + 2 buildings with covered parking facilities for each floor. These villas that house the apartments sport a bungalow like look and provide terrace rights to the 2nd floor units. chandigarh real estate market slowly slowly picking up.. The units have rich specifications and their residents shall be privileged to use the luxurious club and all its facilities within the premises of the Uniworld City project.Uniworld Executive Floors

Features of

Building	Earth-quake resistant RCC framed construction with infill brick
	Sufficient car parking facility in villa
Wall finish Internal	Internal: Living/Dining/Bed Rooms/Lobby: acrylic emulsion paint on P.O.P
	External Combination of textured paint and brick tile cladding
Flooring Living / Di	Family Lounge Imported marble/Vitrified tiles
	Bed rooms laminated wood flooring
	Staircase Udaipur green marble
	Servant
Kitchen	Fully Fitted modular kitchen with refrigerator, oven, hob
	Flooring Ceramic floor tiles
	Dado Granite above counter/ ceramic tiles other on walls upto
Toilets	Dado Select ceramic tiles upto ceiling level

Locations Uniworld Executive Floors
The Uniworld City is located at the Sector 97 Block D of MohaliPrices of DLF Parkniworld Executive Floors|

Price – U

Type	Size(Sqft)	Price PSqft(Rs)	Amount(Rs)	Booking	Status	Floor Plan	Specials
3 BHK	1796	-	55,00,000	10%	Booking Open		Ground Floor
3 BHK	1796	-	45,00,000	10%	Booking Open		First Floor
3 BHK	1796	-	45,00,000	10%	Booking Open		Second Floor+ Terrace

 

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 For More details like Payment Plan/Booking Procedure for
http://www.investinnest.com/properties/Unitech%20Group/uniworld_executive_floors.htm

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Property Advisor – info@investinnest.com, vgupta@investinnest.com  , mgupta@investinnest.com,
Call –   T: +44 (0)845 43 000 15, T: +1 917 338 6416,   T: +971 50 644 6852, T: +91 120 4207237, 36
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