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Team iPropUnited

Team iPropUnited
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Best Ready To Move 3BHK Flats In Noida Between 1.50Cr-2Cr

Omaxe The Forest SpaWith the aim of offering finest housing choices with excellent and tall standard of quality, developers have come up with their incredible residential projects Noida. Below is the list of some of the best 3Bedroom apartments in Noida within a budget of 1.5 crores to 2 crores:

Jaypee Greens The Imperial Court, Sector 128

Jaypee Greens Imperial Court Noida
Representative Image

Completed in September 2014, these ready to move apartments in Noida by Jaypee Greens follow self sustained model with all the facilities at ones disposal. With proximity to Noida Golf Course, Delhi Public School and Axis Bank, the project gives a good advantage for its location. Stretched within a project area of 5 acres it accommodates 378 units in 3 towers. Besides, civic amenities and basic services like Creche Day, Library, Shopping Centre and Laundry are also available.

TGB Meghdutam, Sector 50

TGB Meghdutam Noida
Representative Image

This residential property in Noida sector 50 was completed in July 2013 and offer apartments with spacious 3Bedroom, Hall, and Kitchen with open and airy balconies. Fitness facilities like Infinity pool, Multipurpose Court, Jogging Track and Multipurpose Court are available. Besides basic amenities the project carries best of social, security and eco-friendly facilities like Garbage Disposal, Sewage Treatment, Terrace Garden etc.

Drones To Settle Disputes, Proper Demarcation Of Lands In NCR Soon

Drones for land disputes
Source: www.suasnews.com

The efforts of two dozen satellites, especially modified short range drone and a dedicated team of experts are finally going to settle the land disputes in National Capital Regions of India. A digital map of the district has replaced those age-old area maps that was leading to several disputes for property in NCR in context of their demarcation. This initiative has grabbed a National eGovernance award and is expected to resolve the major land disputes pending in Gurgaon (now Gurugram).

These digital maps are equipped with geo-referencing at land holding levels which help in identifying errors pertaining to the records of official land departments. A country like India where the prices of property are at premium, this new method has replaced the antiquated method of measuring basis painstaking ground surveys rocked the NCR with a series of property disputes, in Gurgaon at present.

Two of India’s prominent real estate developers in Gurugram were locked in a battle over a portion of land, while one came up with a commercial project and other building a set of residential apartments; ultimately fuelling the idea of new age drone that will precisely take care of such disputes to accurately locate a seasonal rivulet at the centre of the problem.

Errors crept in between 1957 and 2016 in the Manesar Tehsil were measured at 7.39% which subsequently have been brought down to mere 0.1% as revealed by T L Satyaprakash, Deputy Commissioner of Gurugram.

Geo Referencing
The ‘freedom’ of revenue officials regarding demarcation of land in the absence of physical markings fuelled thousands of vagrancies in records and property disputes, has been restrained. Under traditional method of demarcation, village junctions and trijunctions are used as the reference points but these markings are lost or destroyed over the time.

Land Disputes
The acquisition of 912 acres of land in Gurgaon is probed by ED and CBI which is alleged to set the farmers at a loss of 1500 crores in 2004 and befitted the land developers. Irregularities in granting favours to Robert Vadra firms have been commissioned by Justice Dhingra.

In just one Tehsil, 1500 ownership issues have been resolved by validating 2800 acres of area which were pending for years.

A Universal triangulation method has been used to create a layer of reference points for land holding determination. A drone provides sub meter resolution images with 24 satellites used for geo-referencing at Manesar. A land-error at an alarming rate of 7.39% was noted down which has been slashed down to 0.1% with new data at hand.

Now the biggest challenge is to attain the legal validity for these digital maps. However, these maps are considered as the most accurate means of land record management in Asia. This new age tool will bring more transparency to urban planning, property tax collection and will put a check on land encroachments. Thousands of land disputes burdening the legal system can also be avoided. It has further been planned to connect the several government database with it, to generate land parcel Ids which can instantly verify the purchase and sale of property transactions. However, a lot of work is still pending to attract a comprehensive database. The drone which are being used in the project to settle the land disputes in NCR are crashed at times thus bringing up its cost.

The pilot project is expected to involve a cost of around 50 Lakhs.

Today’s Investment Can Bring 60% Returns To Buyers In 2 Years

    Return on investment

    Dwarka Expressway coming up a long way since 2009, it is able to attract the interest of potential buyers and investors in real estate. This pre-decided 150-metre expressway has been now stretched to 42 metre 2-lane Expressway according to the latest declaration by the government. This significant move will definitely impact the properties around the Dwarka Expressway and the investment in the real estate in a positive way.

    One of the existing social infrastructures near Palam Vihar was Sector 10 where land was relatively cheaper and it was economically viable for announcing projects with gated communities and club house facilities as well as other lifestyle features back With in 2009. With the presence of social infrastructure here, it was easily for the developers to sell off these projects to the residents of Palam Vihar.

    Real estate players like Mahindra Lifespaces sold off their inventories at the launch of Rs 2275 per sq. feet at the launch of the project. With largest portion of its buyers constituting as end-users, the ratio to end-users to investors was 80:20. During the construction phase, this ratio changed to 50:50, with 30% of total user-base turning as investors. With the minimal cancellation of only about 2%, the same infrastructure was sold off somewhere between Rs.2200 – Rs. 4375 per sq. ft. As the project is now retailing at about Rs.5000 per sq. ft. resulting into a windfall by 250% returns against a 25-30% return for the last set of buyers. Till date over 700 units have been handed possessions with more than 500 families moved in. The earlier set of buyers who purchased the apartments at a very low prices were either the residents from Palam Vihar upgrading to this project or the tenants who used the low values to become owners.

    Upon the completion of Dwarka Expressway, the prices will no doubt observe a substantial upward surge. As against the developed sectors in Gurgaon which are securing Rs.9,000 – 10,000 per sq ft, the projects near Expressway grab Rs. 5,000- 6,000 per sq.  ft which is expected to go as high as Rs. 8,000 after the completion of Yamuna expressway.

    As the social infrastructure plays a critical role in the pricing of a residential project, the completion of the more projects within a region will bring facilities closer to the project including retail units, schools etc.

    With many commercial key-drivers like proximity to the Udyog Vihar (a commercial hub), linking of Metro between the Gurgaon city and Dwarka Expressway will boost the pricing of projects surrounded by Yamuna Expressway against the current pricing which is relatively cheaper by 10% against the established cities. Thus, huge potential has been foreseen for the buyers and investors in real estate who are expected to make over 60% of returns within next 2-3 years out of the on-going infrastructural developments.
    2BHKs and 3BHKs below Rs. 1crore per unit seeks the average demand of about Rs. 1000 – 1450 sq ft along the Dwarka Expressway.

    Best 3BHK Ready To Move Flats In Noida Between 1.25 To1.50Crore

    Omaxe Twin Tower NoidaWith the higher opportunities in the National  Capital Regions, the demand for premium housing in Noida has been boosted up. Numerous developers have introduced spectacular housing projects to allure customers. Below is the list of top 3 BHK premium residential projects in Noida between budgets of 1.25 crores to 1.5 crores.

    Jaypee Greens Kalypso Court, Sector 128
    Jaypee Greens Kalypso Court NoidaWith 9 to 18 holes golf course, this project by Jaypee developers is in close proximity with places of interests like Botanical garden, Delhi Public School, Axis Bank etc. These ready to move apartments spread across 7 acres of project area comes with services like cafeteria and restaurants besides other basic and social amenities.

    ATS One Hamlet, Sector 104
    ATS One Hamlet NoidaSpread across a project area of 14 acres, these ready to move apartments were completed in May 2014. With 12 towers accommodating 960 units, the project is just 9.2 kms away from Noida golf course, 3.3 kms away from Delhi Public school and 2.5 kms from Axis Bank. Services like cafeteria and shopping centre are also available.

    Govt. Confirms Integration Of BHIM App With Aadhaar For Transactions

    Bhim and adhaar integration

    Government is planning for a drastic change in payment method. Now, it has taken an initiative to make the Aadhaar card a universal transaction ID. A newly launched applicatio – Bharat Interface for Money is to be linked with Aadhaar Card – confirms the government.

    The govt. will reveal a unique feature for payments by using Bharat Interface for Money (BHIM) app. Here, users will be asked to enter their 12-digit Aadhaar card number. People will be introduced with this new transaction system in a couple of weeks. The payment method will become smooth, easy and seamless, if the integration between BHIM app and Aadhaar card is implemented.

    Bank registration or any prior biometric authentication is not required, if the Aadhaar card holder log into the app by entering their 12-digit ID number. This is applicable for the users whose bank accounts are integrated with Aadhaar card. Approximately, one-third of Indian has their Aadhaar card number registered with bank accounts. Therefore, any individual like – carpenters, plumbers, large service providers, or entrepreneurs can receive payments for their services directly into their bank accounts. Well, the people might not be on BHIM app, but, their account should be linked to Aadhaar card. This entire statement was pointed out by the chief executive of Unique Identification Authority of India (UIDAI), Mr. Ajay Bhushan Pandey.

    Integration with BHIM app will make the payment mode hassle-free. Moreover, right now UIDAI is working with the National Payments Corporation of India and other banks. UIDAI is expecting to unveil this transaction system in the next few weeks. BHIM app has five transaction options. The payment options are like bank account IFSC code, mobile number and many others. However, the sixth one will be the 12-digit Aadhaar card number. Mr. Pandey has mentioned that there might be some problems to deal in. But, they are working on the matter and expecting to strengthen the security very soon.

    Delhi Development Authority Further Delays Housing Scheme Launch

    DDA Housing
    Representative image

    The Delhi Development Authority (DDA) originally planned to launch their housing scheme by January. However, some simple infrastructure like streetlights, the supply of water and approach roads was lacking. So, now DDA has decided to delay the housing scheme launch until the end of February or March.

    In 2014, allottees under the housing scheme have returned 13,500 flats, which the Delhi Development Authority (DDA) now plans to resell. A senior official was quoted saying that only after upgrading the basic infrastructure, they have announced the new housing scheme in their newly developed housing complexes. The department of engineering was asked to devise a plan. After they provide the time frame for work completion, the launch of the housing scheme would be announced.

    To finish working on road-related work and streetlights, the engineering department would take around two-three months. An official said that when they finish the process of allotment, by then the engineering department would be able to develop the complex area and they would be able to sort the problems related to significant services like water.
    In the 29th November 2016 edition, the problems encountered by the residents were highlighted by TOI, of the recently built DDA’s housing complexes. In the housing scheme of 2014, almost 25,000 flats were offered for sale, but 13,500 were given back. Most of the flats were situated at Narela and Rohini.

    The time TOI paid a visit to these areas they found there was no proper access road to the apartments. Security problems like – streetlights were missing. The shops in the complex were mostly shut and people also complained about poor construction quality and improper supply of water.

    In Rohini, in almost six complexes, there was water tankers hired to fill the in-house tanks. Whereas, in Narela, those water tanks were kept outside the houses due to waterline repair work was going on for more than a year.

    The plan to launch the housing scheme was announced by the land-owning agency in December. DDA implemented some important changes in the policy to make sure there were no big sale rejections.

    With the old rates of 2014, LIG flats to be sold were almost 11,000. Although it removed the five-year restricted period, but earlier the allottees weren’t allowed to resell their property for five years straight. The applicants didn’t get back the money for registration if they pull out of the scheme after flats allotment.

    In order to get a good response for their housing scheme, the Delhi Development Authority (DDA) decided to develop the primary facilities around the complexes.

    Top 10 Ready To Move 2BHK Flats In Gurgaon Between 50 To 75 Lakh

    DLF New Town Heights, Sector 86
    Representative Image

    Gurgaon is one of the rising National Capital Regions of India where owning a luxurious house is like a dream come true. Indian realty is laid down with various homes and investment options in Gurgaon of apartments with 2 Bedrooms, Hall and Kitchen. Here is the list of 2BHK budget residential projects in Gurgaon, a home-buyer must look into.

    Mahindra Aura, Sec 110A
    Mahindra Aura Gurgaon Keeping in mind the best of the infrastructure, this project by Mahindra Aura contains ready to move apartments completed in July. With in-house service like Cafeteria, the project is equipped with many fitness, security and eco-friendly amenities. This project is in close proximity to the proposed metro station and has two variants of 2BHK. One with 2 Bedrooms, 2 Balconies and 2 Bathrooms while other with 2 Bedrooms, 2 Bathrooms and 1 study room.

    DLF New Town Heights 2, Sec 86

    DLF New Town Heights, Sector 86
    Representative Image

    With the maximum utilization of space, you will find well-designed apartments at very affordable prices. Not just close to the civic amenities, this project is well-connected with various modes of transportation. The project is conceptualized to meet the requirements of potential home-buyers and strategically allocated to provide good connectivity. DLF builders are serving the real estate segment for more than a decade now.

    A Guidance On How To Select A Property In Ghaziabad

    Noida ApartmentGhaziabad as a city is often considered as a Gateway of Uttar Pradesh as well as one of the prominently developing National Capital Region. With its social infrastructural advantages like National Highway 24 and Delhi-Meerut Highway, the city boasts some of the finest projects by top-notch developers.

    The region is well connected with Delhi via Delhi Metro and has a blend of residential and luxury apartments befitting the requirements of different income groups. These factors altogether make Ghaziabad a key real estate destination for prospective buyers and investors. With astounding real estate developments, you can find specific regions here which comply with the needs of certain groups. Say, if you as an investor are looking for resale or under-construction properties then areas like Crossings Republik, Vaishali, Indirapuram and Raj Nagar Extensions have no dearth for such properties.

    Ranging from Rs.2500 per sq. ft to 5,500 per sq ft., you will find apartments here suiting your requirements and varying with prices according to location and amenities attached to it. Considered as the most premium regions, areas like Vaishali and Indirapuram have apartments with ranging from Rs. 4500 sq. ft to Rs. 5500 sq ft. If you are looking for a medium price range residential units between Rs. 3000 sq. ft to 4000 sq ft, then head towards the areas like Vasundhra and Crossing Republik.

    In case you have a stringent budget, then areas like National Highway 24, Dundahera, Govindpuram, Bhopura and Govindpuram can suffice your requirement well. If you want to go with independent properties, villas or plots, then some parts of Indirapuram and old Ghaziabad has the best to offer. However, the social infrastructure in Ghaziabad is evolving at a low pace resulting in massive traffic jams during commuting hours.

    Areas like Crossing Republik and Raj Nagar face the law and order issue besides connectivity issues as the roads are narrow and not able to accommodate the traffic during peak hours well. Even the roads are narrow within Indirapuram thus the locals here face traffic snarls during peak hours. Important places located in the old city like transport office, passport office and city court are quite distant from Indirapuram and leads to a hassle in commuting.

    In fact, many townships are still vacant thus inflating the cost of maintenance for their residence. Due to lack of occupancy, few even do not hold residents welfare association. Compared to Indirapuram, Raj Nagar Extension and Crossing Republik are over-supplied with under-construction properties. The major factors contributing to it are the lack of law and order and infrastructural facilities here.

    So, choosing a property in Ghaziabad does not just involves the advantage of location like proximity to Delhi and better connectivity, factors like better amenities and law and order also influence the decision and the prices of residential units are proportional to these facilities in Ghaziabad.

    Tata Group Ready To Pay Market Price For The Taj Mansingh Hotel, New Delhi

    HOTEL TAJ MANSINGH DELHI

    The Tata Group-run Indian Hotels Company Ltd (IHCL) decided to pay NDMC the market price of Taj Mansingh Hotel, Delhi, as informed to the Supreme Court. In order to run the luxurious hotel the lease was decided to be renewed.

    IHCL’s counsel Harish Salve has opined, appearing before the justices P C Ghose and Rohinton F Nariman, that the hotel should not be placed for auction, as it may prop up the price. According to his report, the company itself had been paying 10.8% of gross revenue/year to NDMC.

    As per the agreement with NDMC, the company has spent Rs 250 crore upto 2011. Whilst other companies have pointed as defaulted, this is the only hotel that has been paying to the civic body on a regular basis. This is the only public-private project that has been running successfully for years. Therefore, if the hotel is now taken over by someone else, then NDMC will face a great financial loss.

    The construction of the hotel had been completed by IHCL. Well, it consists of approximately 300 rooms. Each room will provide the clients with all kind of luxurious facilities. However, the commercial operation had already started, with effect from 10th October, 1978. Also, the 33 years agreement period is calculated from the date it was effected from. It is reported that the company had incurred lump sum expenditure to the tune of Rs. 461.61 lakhs.

    NDMC had expected to receive a better price if they grant the leases for this property. Hence, they had decided to go for an auction. After listening to their decision, Tata group approached the Delhi High Court. But, the plea was dismissed in October and the civic body was allowed to auction the property.

    On the other hand, the High Court had expressed that IHCL was not allowed to get a renewal of its lease property. Also, they are not permitted with the right of first refusal. Additionally, NDMC could highly considerate the license for the hotel at its prime location 1, Man Singh Road in Lutyens’ Delhi.

    Collaboration between IHCL and NDMC for the hotel was held by the HC, though it was not a joint venture, as stated by the company. Thereof, the company was not permitted with the access so that they could opt for a renewal.

    Well, the company accepted the condition as a challenge and at last it agreed to pay as per market price. It stated that the HC did an error in placing the property under the hammer. Nonetheless, the argument did not reach any conclusion and the hearing was suggested to resume on Wednesday. The parties, however, were directed to preserve status quo by the apex court and also the company had been allowed to operate the hotel.

    EMI Rate Of Home Loan Soon To Be Linked To Your Credit Score

    Home Loan

    The EMI that you would shell out on your home loans will soon be connected to your credit rating or the regulation you sustain in repaying your existing loans. The rate of interest will drop, as your credit score improves and the vice-versa.

    As Bank of Baroda (BoB) has declared lowest rates on home loans, it will be the first bank to connect interest rates on home loans to credit scores of customers. Relying on the credit scores of Credit Information Bureau of India (CIBIL), BoB will charge 8.35% to those with scores above 760 points. The other banks are likely to follow from BoB’s latest proposal.

    The borrowers of BoB will be charged with 8.85% Home Loan EMI rate, having score in the range of 725 to 759.  Whereas, 9.35% will be charged on home loans by BoB, to the borrowers with credit score below 724 points. However, customers having no credit history with CIBIL, will be charge 8.85% on home loans. Officials of an anonymous bank mentioned that it has planned to reward borrowers with improved rating by offering them better rates, no matter what the tenure and the amount is.

    While towering banks – State Bank of India and ICICI Bank – offer 8.65% and 8.70% respectively on home loans, BoB is offering borrowers with 8.35%. This turns out BoB, the lowest among all banks in the same. The financial regulation maintained by borrowers in terms of timely repayment of their dues, will be indicated by CIBIL. All the banks will render information about their customer’s loan history to CIBIL. In accordance to this supplied data, credit score of a borrower is decided by the banks.

    Bank of Baroda’s one-year marginal cost of funds based lending rate (MCLR), the basic rate at which they lend to the best customers, is fixed at 8.35%. There is no build-up or inflation for the best rated home loan borrowers on its MCLR by the bank. Whereas SBI has a one-year MCLR of 8% with 65 basis point spread for home loans.

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