Wish Empire offers luxury and affordable apartments in Jaipur

Jaipur, Rajasthan: Wish Empire, a Real Estate Builder and Developer in Jaipur, has launched Residential Apartments ‘Uma Aangan’ in Jaipur. 

Being architecturally made, Uma Aangan will exhibit perfectly designed apartments blending luxury, convenience and affordability. A symbol of affordability, security and comfort, Uma Aangan at Ajmer Road offers apartments with a great view.

Wish Empire offers luxury apartments in affordable price and location advantages as Ajmer Road is the hotspots of Jaipur city, the company said in a release.

Features available at Uma Aangan include: Swimming Pool, Badminton Court, Basket Ball Court, Tennis Court, Day Care Centre, Gymnasium, and many more.

With the starting price of around 11.5 lacs and the options of Studio, 1BHK, 2 BHK and 3BHK Flats, along with large parking space all around the Cluster, Uma Aangan is a wonderful display of fine planning and beautiful architecture.

With the flats are being made keeping in view of convenience and privacy, Wish Empire has taken care of everything, which a family wants in a flat.

Works at Uma Aangan are going on in full swing and the project will be completed soon. The bookings for both the projects is already on.

Wish Empire, a Jaipur-based Real Estate Builders and Developer, came into existence in 1995. Wish Empire aims towards the development of the real estate in the state primarily in Jaipur, with its vision and innovation. Wish Empire provides excellent range of the flats at affordable prices.

Janaadhar group receives Rs 54 crore funding for affordable housing projects

Bengaluru:  Janaadhar (India) Pvt. ltd, an affordable house maker, announced raising of Rs 54 crore funds for its various upcoming projects. 

The fund raising round was led by Treeline Asia Master Fund, a leading hedge fund based out of Hong Kong and Singapore. 

Some of the notable investors in the initial fund raising round include, Narayan Ramachandran, ex-Country Head of Morgan Stanley India, Vallabh Bhansali, veteran market expert and Vikram Gandhi, a globally respected investment banker who recently returned to India to work on social impact initiatives.

Janaadhar primarily focusses on lower end of the India’s housing market known as Economically Weaker Section (EWS) and Lower Income Group (LIG). Importantly, it is the only Affordable Housing company in India that has a unique structure as a Social Business, with the entire promoter stake being held in a not-for-profit company, Jana Urban Foundation. It is founded by Ramesh Ramanathan, a social entrepreneur, and co-founder of Jana Group of institutions, a company press release said.

Raghunath Srinivasan, Executive Director of Janaadhar said, “We are very happy to have closed this round of funding – it’s a validation of our approach to addressing issues of affordable housing in a unique social business model, and we are especially delighted to have such a distinguished group of investors coming on board.  We look forward to executing our ambitious plans and expand our affordable housing footprint across multiple cities in the coming 2-3 years.”

 Zaheer Sitabkhan, Director at Treeline added, "Tree Line is very happy to be associated with Janaadhar, which seeks to institutionalize an unorganized sector and bring benefits to all involved."

Narayan Ramachandran said, “I am delighted to be associated with Janaadhar which I am certain will play an important role in the area of affordable housing, which is a national priority. The need of the hour is to provide large scale, high quality housing at low cost to the underserved”.

Vikram Gandhi, Founder Asha Impact, and one of the key investors in Janaadhar said, “We look forward to working with a highly successful and respected social entrepreneur such as Ramesh Ramanathan and his team at Janaadhar to help the company scale up and become a leading developer of low cost housing on a pan India basis, as well as actively engaging with the Central and State authorities to help achieve the government's mission of housing for every citizen by 2022."

A Good Budget for Economy; Not much for housing sector: Niranjan Hiranandani

The Union Budget presented by Finance Minister Arun Jaitley has very little to offer for the sagging real estate sector in India, though on broader prospective, proposals on REITs and infrastructure investments would help in the long run, opines Niranjan Hiranandani, MD, Hiranandani Constructions Pvt. Ltd.

Niranjan Hiranandani

Commenting on the budget proposals for real estate in India, Hiranandani said, the past few months have witnessed a much improved real estate scenario driven by positive sentiments which was further augmented by RBI’s announcement to reduce interest rate.

The RBI was expected to introduce moves that would help reduce home loan interest rates for some months, and when it happened - it was a pleasant surprise, he added.

Expressing disappointment over the budget proposals, he said, “From a real estate perspective, a lot was expected – which sadly, wasn’t to be found in the Finance Minister’s Budget Speech.”

However, he also listed a few positive points for real estate sector from the finance minister’s budget speech. Clarity on rationalizing capital gains on REITs, Clarity on increasing housing stock to 2 crore houses in urban and 4 crore houses in rural areas, and Hike in investment in infrastructure by Rs 70,000 crore.

There are other ‘positives’ in the Budget Speech that will impact the economy, which in turn, will impact real estate, he said, adding, “For example, the abolition of wealth tax will attract more investors to invest in real estate.”

The individual tax payer will benefit to the extent Rs 4,44,200 from the indirect income tax exemptions announced, that in turn will be a positive as it has the potential to result in more home buying. Similarly, the announcement about setting up an expert committee for legislation on making a pre-existing regulation to expedite approvals, which will move towards the single-window clearance system, he opined.

Similarly, the proposal to rationalize capital gains tax for REITs and infrastructure investment trusts is a positive move, in line with expectations.  “The takeaway here is that it will help raise funds for commercial real estate, and will also be an alternative trading avenue,” explained Hiranandani.

“So overall, I would term the budget as a positive one, should have a good effect for the country’s economy,” he added.

Ahuja Tower Offers 'The Seven's Heaven' at Worli

Ahuja Constructions, a real estate firm with its presence in Mumbai and Navi Mumbai, offers seven exclusive residences in Ahuja Towers to be designed in collaboration with world’s most coveted interior designer, Wilson Associates, New York.

These limited edition residences are being offered as part of ‘The Seven’s Heaven’, bespoke collection, with ready to move in privileges which will re-define the future of luxury living in the city.

Through this state-of-the-art proposition, the customer will be personally meeting the designer from Wilson Associates in New York to discuss the interiors of the apartment. This offer is planned meticulously keeping every minute detail in mind right from preparing the wish list along with detailed information of customer’s preferences to finalizing the agenda for three days travel to New York and choosing the exclusive artefacts for the apartment with them.

At Wilson’s head office in New York, customers will be reviewing the concept of their apartment which will incorporate the latest global trends. Completing the experience in New York will be a visit to high-end stores together with a representative from Wilson Associates to select accessories, collaterals and artefacts for their apartment which will be shipped to Mumbai.

Gautam Ahuja, MD, Ahuja Constructions says, “The Seven’s Heaven limited edition Bespoke Residences” is an endeavour to bequeath our customers with superlative living experience within their apartment at Ahuja Towers. By bringing in Wilson Associates, the name behind one of the most spectacular interior designs of the world, we will enable seven cherished couples to custom design their homes according their wish list.”

Ahuja Towers in Worli is a testament of timeless design, classic elegance and international lifestyle combined with practically efficient and sustainable real estate development. This iconic 53-storey residential tower caters to the aspirations of the new age, global-trotting, connoisseurs of the modern world who have experienced superior levels of services. With architecture design by Palmer & Turner, Singapore and interiors by Wilson Associates, residents will enjoy 13ft high-ceiling apartments, a 270-degree sea and city view as well as a host of premium facilities like a business centre, mini theatre, wine cellar, private dining area, spa and beauty salon together with other club amenities. Besides this, the building will be fully serviced and come replete with concierge services by Quintessentially, Valet and even a chef on demand.

Wilson Associates, founded in 1971, believes in creating new definitions of magnificent design for an era that’s increasingly connected and culturally diverse. They are committed to providing the highest level of extravagance and client service through a complete range of design and architectural services and are also the legendary creators of Armani Hotels, Ritz Carlton Reserves and The Venetian, amongst others.