Vijay Group Launches 100 Acre Township at Neral

After being developed Thane's Ghodbunder Road into hot real estate destination, Vijay Group is now scaling to new geographies by designing a massive residential project– Vijay Estate Vakas at Neral offering budgeted and spacious 1, 1.5 and 2 BHK homes.

Neral has several locational advantages - presence of four major MIDCs in proximity, three central government establishments, more than 1000 pharmaceutical companies, upcoming state and national highways along the Mumbai-Pune corridor and the growing social bandwidth.

Vijay Group has master-planned and rightly launched its township with all the basic necessities and facilities like 24-hour water supply, sewage treatment plants, uninterrupted power supply, police chowki for township security and safety, spacious and ventilated homes and 71% open spaces dedicated for children's play area and landscaping. 

The company is building a complete socio-economic infrastructure to manage the inhabitant's requirements for the next 10-plus years from today. Practically every feature is well thought-through and researched in advance.

Vijay Group has developed and delivered projects covering over four million sq. ft. of space. The group has the largest footprint on Ghodbunder Road, Thane with holistically developed communities. Today, the group is known for its superior products, on the dot service and commitment to customers.

Ateev Gala, Executive Director at Vijay Group said, "Carrying forward our legacy of Thane, we are now fostering to greenfield location of Neral. We are riding on our experience of 30 years and trusted in-house manpower talent to make Vijay Estate Vakas a self-sustaining place in future which can thrive on its regular course smoothly. Vijay Estate Vakas, is an IGBC pre-certified project and the key features here are school, temple, community center, club house, kids play areas, entertainment avenues, retail, commercial spaces and healthcare facility for an upgraded lifestyle."

Once known as a junction to go to Matheran via the toy train, a town that lacked infrastructure and connectivity, today Neral boasts of various development plans, government offices, budding social infrastructure and vast commercial and branded residential townships, making it one of the fastest developing districts of uptown Mumbai.

Neral is attracting masses to buy residential spaces as first homes for self-use as well as for investment purposes. Many migrant families from areas like Dadar, Parel, Elphistone Road, Thane, Dombivali, Bhandup and other parts of Mumbai are buying in Neral because of the affordability in the area.

The Neral-Karjat belt is witnessing a revolution similar to the one that the Vasai-Virar belt saw over the last 10 years. With trusted developers like Vijay Group launching a project of more than 100 acres in Vakas, Neral; this location has earned lot of credibility. People are moving to Neral to cash-in on the prevailing lower property rates and proposed infrastructure developments, to get maximum benefits. The property market of Neral is offering lucrative opportunities for real estate growth.

Sharing almost the same latitude like Mumbai, the natural climatic conditions suit people very well. Also, it is a blank canvas for architects to implement detailed master plans for this town to be camouflaged into a lavish residential hub.

Salarpuria Sattva Group Launches MAGNUS in Hyderabad

BENGALURU:  After successfully completing three landmark projects - Knowledge City, Cyber Park and Necklace Pride in Hyderabad, the Salarpuria Sattva Group is now ready to launch its latest mixed development project - MAGNUS at Jubilee Hills, Shaikpet, adjacent to Hitech City.

A preview of the project for channel partners of the company was held at the Trident in Hyderabad recently. Bijay Agarwal, MD, Salarpuria Sattva Group, said, "No city in India can compete with Hyderabad in terms of the excellent public infrastructure. We are bullish about this market, especially because of the outstanding support that we got from the state government."

MAGNUS is a premium gated community in Hyderabad, located just 8 kms from the outer ring road. The Group plans to develop 5.363 acres (4.377 acres residential + 0.986 acres commercial) with 508 units of 2, 3 and 4 BHK homes spread across 4 residential towers and 1 commercial tower.

The developer has a well-established reputation for high quality construction, due diligence, on-time delivery and excellent customer relationship. The apartments are spaciously designed as per vaastu with three sides open to sky and no common walls. A fully-equipped, ultra-modern clubhouse provides state-of-the-art amenities to the residents.

Other amenities include a comfortably luxurious rooftop swimming pool, double height lounge in each block with exclusive access to the differently abled and strategically placed ramps give easy access to the parking floors below.

Residents of MAGNUS can also enjoy a breath-taking view of the Golkonda fort. The apartments have been given a contemporary façade treatment, combined with aesthetic colours. MAGNUS is the ideal property for people looking for a safe and secure global lifestyle with best possible premium amenities.

About Salarpuria Sattva:

Founded in 1986, the Salarpuria Sattva Group has grown into one of the most trusted builders in the country today. It has a formidable presence in Bangalore, where it is headquartered; it is a well-known name in Kolkata, Pune, Jaipur, Hyderabad and Coimbatore. The Group has plans to venture into more cities in the near future. With 16 million sq.ft spaces completed, 17 million sq. under construction and 30 million more in stages of development and planning, the Group is one of the premium builders of India today. 

UP Gets Lion's Share of Infra Projects Under PPP, TN Among Top Five

Uttar Pradesh tops with highest share of 15 per cent infra projects being carried out under public-private partnership (PPP) mode across India followed by Maharasthra (12 per cent), Gujarat (10 per cent), Karnataka (nine per cent) and Tamil Nadu (six per cent), noted a recent ASSOCHAM-SREI joint study.

“UP again has highest share of about 22 per cent in terms of value in the total PPP investment projects under construction across India followed by Maharashtra (11 per cent), Haryana (8.5 per cent), Gujarat (six per cent) and Madhya Pradesh (4.5 per cent), highlighted the study titled ‘PPP Investment in Indian Infrastructure: Need for growth and development,’ conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) with infrastructure conglomerate SREI.

Gujarat has the highest share of 15.5 per cent in infrastructure projects (value terms) that are under operation based on the PPP mode and is followed by UP and Maharashtra (13 per cent share each), Tamil Nadu and Karnataka (almost 8 per cent each).

“A total of about 1,200 projects in different segments of infrastructure sector with investments worth about Rs seven lakh crore are being carried out under PPP mode throughout India,” said D.S. Rawat, secretary general of ASSOCHAM while releasing the findings of the chamber’s study.

Of these, about 650 projects worth over Rs 4.5 lakh crore with about 67 per cent share are there in roads and bridges followed by over 100 projects in ports sector (12 per cent share) with an investment worth over Rs 80,700 crore, energy (six per cent) with over 150 projects with investments worth over Rs 41,000 crore, SEZ (five per cent share) with investments worth over Rs 30,000 crore, water sanitation (2.6 per cent) and others.

About 500 PPP projects with investments worth over Rs 1.6 lakh crore under operation, there is no information about 150 PPP projects with investments worth over Rs one lakh crore and 65 such projects with investments worth over Rs 77,000 crore have been terminated, noted the ASSOCHAM-SREI study.

Almost 73 per cent of the total investments worth over Rs 3.3 lakh crore attracted by infrastructure sector in various segments that are under construction in the PPP mode are concentrated in roads and bridges.

Currently there are about 480 investment projects under construction in the PPP mode in various other segments – SEZ, ports, energy, water sanitation, airports, tourism, healthcare, cold chain and others.

Interestingly, most PPP investment projects have been terminated in Maharashtra (13 per cent) followed by Chhattisgarh (10 per cent), Gujarat (nine per cent), Kerala (seven per cent) and MP (seven per cent).

“Poor preparations, flawed risk-sharing, inappropriate business models and fiscal uncertainties to vested interests leading to development of skewed qualification criteria are certain key reasons for failure of PPP projects in India,” said Mr Rawat.

The ASSOCHAM-SREI study noted that stable macroeconomic framework; sound regulatory structure and effective regulation; sustainable project revenues; investor friendly policies, transparency & consistency; liberalisation of labour laws and good corporate governance are certain basic requirements to achieve success of PPP sector in India.

An appropriate institutional framework is a pre-requisite for success of PPP in the infrastructure development due to its size, investment requirements, structure and dimension, it said.

The study has also suggested the government to set up an independent institution for overall co-ordination and management of PPP projects in the country.

“It should also act as nodal agency with the responsibility of creation of PPP data base, creation and regular updation of model bid documents for all infrastructure sectors; co-ordination with concerned government departments and dissemination of best practices and learning through both successes and failures,” added the ASSOCHAM-SREI joint study.

Siddha Adds Rooftop Skywalks to Kolkata Housing Projects

Siddha, one of East India’s leading realty enterprises, today announced the launch of a series of skywalks in four of their upcoming housing projects Siddha Galaxia, Siddha Sky, Siddha Suburbia and Siddha Eden LakeVille in Kolkata.

Siddha is among the country’s first realty enterprises to bring skywalks to the affordable housing segment. Besides affordability, the skywalks bring never-before experiences to several thousand homeowners, the company said in a press release.

An array of well-thought-out amenities makes Siddha SkyWalks a deluxe addition to residencies at no extra cost. Siddha Galaxia at Rajrahat, announced earlier this year that it will have the World’s Longest Rooftop Skywalk, for instance.

Siddha Galaxia

Siddha Group managing director Sanjay Jain and director Siddharth Sethia, renowned architect JP Agrawal, principal landscape architect Madhup Mazumder and principal structural consultant Achyut Watve unveiled the many facets of Siddha SkyWalks.

Skywalks are elevated, usually enclosed walkways between buildings or are built to cross large interior spaces, like atria, or built over streets to link buildings. Strung between buildings, like gangways, they become an urban bridge giving users an appreciation of soaring elevations.

Siddha has taken this concept to another dimension. It is developing rooftop joggers’ tracks across all its skywalks that are over two kilometres long. Each skywalk will boast of landscaped greens, sitting areas, decks for telescopes, clubs, cafes, auditoriums, water bodies with fountains, outdoor lounges, yoga and meditation spaces, amphitheatres, sundecks, seniors’ zones and juniors’ play areas.

“Congested cities are making it difficult to grow horizontally because land is scarce. The urban solution is to grow spaces vertically. Erstwhile ground-level facilities, therefore, have to move upward. We thought of rooftop skywalks. These create easy-to-access open spaces for the residents giving them lush greens, leisure activities and collective recreation on their expansive rooftops.

 

Siddha SkyWalks

"For the residents, their projects’ high-in-the-sky activities will be a fascinating experience making a status statement for the middle-income homeowners we are targeting. Though the cost of a project naturally goes up with the addition of a skywalk, we will not pass it on to our customers,” said Siddha Group managing director Sanjay Jain.

Siddha has added sports and fitness activities in the skywalks, like tennis and badminton courts, gym, steam massage, carrom and table tennis, lawn bowling and a rock climbing wall in Siddha Suburbia while Siddha Eden LakeVille will feature a cricket pitch, badminton court, half basketball court, open table tennis, chess court, putting green, water sports and shooting range to look forward to.

 Siddha is also coming up with a skywalk in their ambitious residential project Siddha Angan in Jaipur.

Leading architects Agrawal & Agrawal of Calcutta, headed by JP Agrawal, are designing these rooftop skywalks. Mumbai-based JW Consultants headed by Achyut Watve and credited with using Post Tensioning Technology for building structures for the first time in India, will exclusively provide innovative structural consultancy for our skywalks. Delhi-based Design Accord, headed by Madhup Mazumder, will provide specialised services for designing, master planning and landscaping overhead outdoor spaces.

“When you have multiple towers within a compound, the best way to interconnect them is offering a vast expanse and openness at rooftop skywalks. It’s unique for a residential complex. Siddha Skywalks at Siddha properties promise to offer a different experience altogether. Something that the residents will enjoy with a lot of activities thrown in . . . from horticulture to playing table tennis and others games,” added Jain.

Siddha Galaxia

Smooth connectivity and ideal location are a few of the perks available to Siddha Galaxians. Located at the heart of a speedily growing residential area, these apartments are well connected with Rajarhat via the new 6-lane expressway. A host of local amenities are a stone's throw away. On the 211 bus route and close to the airport, Siddha Galaxia can also be easily accessed from the financial and technological hub of Kolkata . . . Salt Lake Sector V and New Town. You always come home to your galaxy with ease. A good part of the complex is open to greenery and lush gardens. Some of the specialities of the World’s Longest Rooftop Skywalk at Siddha Galaxia include senior citizen’s corner, organic farm, outdoor fitness, party lawn, turf lawn, sculpture garden and reflexology trail.

Siddha Sky

The tallest project opposite Salt Lake stadium, Siddha Sky has great accessibility to Sector V, the tech hub, via EM bypass. It offers a deluxe lifestyle at an affordable price. The skywalk here offers a bouquet of well-thought-out features. Fresh air, picturesque views and planned architecture offer a totally new lifestyle at Siddha Sky. Sky offers a soulful and serene living amidst heaven. The special features of the skywalk here are the infinity leisure pool, outdoor café, entertainment area, party zone and skyplex.

Siddha Suburbia

A highrise complex located at Southern EM Bypass, Siddha Suburbia is just 15 minutes from Garia Metro and 5 minutes from Narendrapur Ramkrishna Mission. It is one of the best apartment projects of Calcutta offering very spacious and premium G+14 flats spread across8 towers on a 4.56-acre plot with 80 % open greens. Siddha Suburbia is well connected with its neighbourhood which has all the vital destinations like schools, hospitals, metro station, petrol pumps, banks, ATMs, a market, bus stands, parks, etc. 

It offers amenities like swimming pool, joggers’ track, creche for children and pets, toddlers zone, kids’ play area, tennis and badminton courts, gym, steam massage, library, AC banquet hall, games room for carom and table tennis, yoga and meditation chamber, multi-activity room for dance, drawing, music and cookery classes. Some special features of the skywalk are lawn bowling, rock climbing wall, adda zone, exhibition zone, special skills training zone, light and music fountain, roller skating and kids’ carting zone.

Siddha Eden LakeVille

Siddha Eden LakeVille is the ideal residence. Overlooking a natural lake, it marries innate beauty with modern comfort. Convenience is paramount at Siddha Eden LakeVille, with a wide gamut of thoughtfully built facilities and amenities. Located within 500 metres of BT Road, it is an island of calm and repose, away from the din and bustle of inner-city traffic, yet accessible to everything. The special features of Siddha Eden Lakeville skywalk are party zone, cricket pitch, badminton court, outdoor café, half basketball court, open table tennis, chess court, putting green, amphitheatre, snake ladder, water sports, element gardens, sky art deck and shooting range.

Puneet Developers Expands in Mumbai and Suburbs

Being one of the top real estate developers in Thane, Punit Group is all set to expand its realm across Mumbai and Suburban regions.

The group intends to build one of the top-notch and skillfully designed residential 2BHK & 3BHK apartments backed with latest amenities in Mumbai & Thane. The proposed plans by Punit Group in Thane would aim to enrich lives by setting novel standards for buyer centricity, architectural design, superior quality and high level of safety, a company release said.

Contributing zing of glamour and panache to Mumbai’s skyline, Punit group has not just constructed iconic living structures but has also taken care of the comfort and requisites of its residents. This has significantly helped in building a powerful reputation and goodwill among perceptive buyers and real estate agents.

So far, Puneet Developers has built some of the finest residential complexes in most sought-after locations in Mumbai such as Punit Group Kandivali, Vikhroli, Kurla and Thane.

In Vikhroli, the major completed project is Sanjivni tower Tagore Nagar Vikhroli. The project comprises 1BHK flat in Tagore Nagar, Vikhroli and 2 BHK flat in Tagore Nagar, Vikhroli.

Puneet real estate developers have also accomplished to build an abode for all those who seek luxurious & comfortable flats in Vartak Nagar Thane. With its well-completed project of Kanchanganga Vartaknagar Thane, the company ensures spectacular location in the ‘mid of the city’, ample green space with its close proximity to Yeor Hills & choicest amenities for children & adults.  The buyers who seek to own or invest a 2 BHK flat in Vartaknagar Thane can avail them at a reasonable price.

With over two decades of presence in the real estate industry, Punit Group has acclaimed its position as top property developers in Thane. At Punit Group Thane, each project is crafted to give its resident the extra echelon of comfort through the well-thought, well-made, vaastu obedient homes. 

Speaking about the future insights of Punit Group, a key spokesperson of the company said, “We seek to inculcate new and pioneering thought processes in our architectural designs and construction along with modern state-of-the-art technology to deliver best living spaces. In addition, we lay our focus on two prime aspects- “Quality” & “Timely-Delivery” of the project to our customers. This helps us to build their faith in our company”

About Punit Group

Established in 1999, Punit Group has the most comprehensive construction service portfolio in the industry. The company is engaged in keeping with their fundamental relationship-centric business model, with unmatched high standard amenities resulting in over hundreds of satisfied customer families.

Office Space Deals in Key Indian Cities Up 8 per cent in Q1 2016

The absorption of commercial real estate including outright purchases and leasing of office space in India’s top seven markets increased to 5.8 million square feet during the first quarter of 2016, up 8% from that a year ago, according to commercial data information and analytics firm Propstack.

This signals continuation of the strong revival seen last year due to renewed corporate confidence amid steady economic growth, which is an indicator of the economy’s health and augurs well for job creation.

The number of commercial real estate transactions by companies went up 23% during the quarter. The demand was led by companies in BFSI (banking, financial service and insurance), e-commerce and IT/ITeS sectors. Some of the significant deals concluded during the quarter include that of WNS in Mumbai, UBS at Pune, ADP in Hyderabad and Genpact in Gurgaon.

The office vacancy rates across the seven markets — Mumbai, Delhi-National Capital Region, Bengaluru, Pune, Chennai, Hyderabad and Kolkata — declined to 14% from 26% a year ago. Office space pickup was robust in the quarter ended March and vacancy levels also fell substantially, said Raja Seetharaman, director at Propstack.

“If the current momentum continues, 2016 could well be a record year for office space absorption in India. Commercial real estate is clearly reflecting the mood on business front and based on the pipeline for office space demand we are heading towards registering a strong year,” Seetharaman said.

The sector saw a turnaround in 2015 after witnessing a lull for over three years, recording about 35 million sq ft of office space purchases and leases in the country’s top eight property markets.

The figure was the highest since 2011, following sustained easing of rentals owing to global financial crisis. According to Propstack, most cities showed steady rental growth in the first quarter of this year, with the exception of Kolkata. While Pune led the pack in terms of rentals with an increase of 6.9%, Bengaluru was next with 5.7% while Delhi-NCR saw 2.8% growth and Chennai saw 2.6%. Mumbai saw a marginal increase of 1.2% while rentals in Hyderabad went up 1.4%.

Deals by both investors and occupiers suggest that sentiment is improving for the office property market.

Significantly, the 8% increase in absorption came without large deals of the sort seen last year. Transactions for office space of over 25,000 sq ft formed the major chunk of space absorption in Pune and Mumbai during the quarter.

In Pune, such deals accounted for as much as 64% of the total absorption volume, while in Mumbai the share was 45%. In contrast, last year had seen a pickup in large transactions, led by Flipkart, which leased 2 million sq ft of a custom-built office campus in Bengaluru and Tata Consultancy Services, which rented over 2 million sq ft of built-to-suit space at Hiranandani Estate in Thane for 15 years.

JLL India Launches 10-day Online Home Fest

Leading international property consultancy JLL India has launched Online Home Fest (OHF) – India’s first deal-centric, web-based event for residential properties on  JLLR.CO.IN. 

The 10-day Home Fest, which began today (April 6, 2016)  offers exclusive discounted rates, convenient payment plans, value-added offers and zero brokerage around the festive season of Gudi Padva and Navratri.

The Online Home Fest features select residential properties from reputed developers across Mumbai, Delhi NCR, Bangalore, Chennai, Kolkata, Pune, Hyderabad and more. With over 64 developers participating from across the country and with Indiabulls exclusively offering home loans starting 9.50% interest with zero processing fees, Online Home Fest is a complete offering for serious home buyers.

Commenting on this initiative, Ashwinder Raj Singh, CEO - Residential Services, JLL India said, “Buying a home invariably involves research, be it on-ground or online followed by site visits. While online property searches are helpful, sifting through a morass of online listings in an attempt to identify the best deals is a daunting and often impossible task for lay end-users. JLL India’s launch of the Online Home Fest takes the sting out of the property search by featuring select properties which have been carefully examined by our expert team, and deals curated to suit the specific needs of today’s home buyer.”

HIGHLIGHTS:

• Residential properties across 96 projects by 64 developers in 15 cities
• Easy access to exclusive deals: Discounted prices, special payment plans and value-added offers backed by expert guidance on request
• Zero brokerage to the end buyer on purchase of new properties
• Facility to compare deals and offers across cities and projects

Participating developers include major trusted brands like Embassy, Prestige, Purvankara, K Raheja Corp, Ekta World, Plaza, M3M, AIPL, Signature Developers, Jayabheri Properties, Ruchi Realty, Mantra, Well Wisher, Goyal & Co, Arun Shelters and Prime Lifespaces,

The Fest enables users to check, compare and shortlist properties online, and is supported by a dedicated team of on-ground experts to facilitate the buying process. From access to the best deals to scheduling guided site visits and further assisting with documentation - everything is taken care of on a single call, eliminating the need of multiple points of contacts for the end buyer.

With technology as a key enabler, the online fest is backed by robust online marketing, dedicated in-house call centre, customised CRM and a mobile application helping create a seamless customer experience.