EKTA World Introduces Lucky Draw Offer for Virar and Nashik Projects

EKTA World, a pioneer in real estate development for over three decades, has announced an innovative “EKTA Lucky Home Life Ka Chance” offer for its customers. The offer has been created keeping in mind the aspiring home buyers who long to fulfil their dream of buying a house in Mumbai.

Mumbai’s realty major EKTA World has set up this offer to endow the buyers with an opportunity to own a dream lifestyle home from a premier developer at affordable rates at their flagship projects that are designed and developed with all premium amenities such as club house, themed landscaped gardens and podium car parks and children’s play area, senior citizens alcove etc. all under one roof.

The announcement of Life Ka Chance has been facilitated for EKTA’s projects in Virar, an emerging fast developing location of Mumbai with great connectivity & Nashik, an emerging Smart City which is witnessing advancement in road infrastructure and an ideal hotspot for property owners looking for access via Mumbai-Agra National Highway and Nashik-Pune National Highway.

It has always been EKTA World’s endeavour to give prompt and quality services to its customers. The bid of the lucky draw is for 1 BHK, 2BHK & 3 BHK apartments across its Virar and Nasik projects. These projects boast of premium amenities and shall be made available to the end users at rates precisely lower than MHADA.

This offer announced by EKTA World stands out as a direct result of the Group’s exemplary ideals and its consistent efforts to provide residents with outstanding facilities clubbed with competitive pricing, a company press release said.

The customers applying for the offer shall be chosen via a Lucky Draw process organized by the company under the supervision of an external third party agency. The application forms for the same will be made available at HDFC Realty Office, across all EKTA World Site offices in Mumbai, Virar and Nashik. End Users keen on this offer can also visit online portals, www.ektaluckyhome.com and www.lifekachance.com for the submission process. The duly filled and signed forms can be submitted by customers at HDFC Realty offices across Maharashtra, Gujarat and EKTA World Site offices in Virar and Nashik. The online entries for the submissions will be accepted along with a refundable deposit of INR 21,000/- during the application process.

The submission of forms by customers will accepted till 7th July, 2016. This data will thereafter be collated and reviewed followed by the procedure of announcement of winners after registration on August 12th, 2016.Customers who have not been allotted a home in the draw will be refunded the deposit via the escrow account within 30 days from the date of the draw.

The key highlight of this offer also entails a Delivery Insurance wherein home buyers will be covered by a third-party insurance company in case of delay of delivery. The Group has partnered with a third-party insurance company. With this association home buyer will be aided with a 9% p.a. interest in case of a delayed delivery by the insurance company.

Commenting on this, Ashok Mohanani, CMD, EKTA World, said, "Our constant efforts have been to ensure that we facilitate buyers with a remarkable experience and offer a home that endows peace with high-quality standards and timely delivery. Through our initiative Ekta Lucky Homes, our focal point is to provide premium affordable homes to the potential buyers at a judicious price. We are confident that this offer shall complement the buyers with good ROI in forthcoming years and shall also serve as an attractive investment opportunity”.

MCHI's property fair begins from Oct 2

MUMBAI: Over 150 developers from Maharashtra and also from other states will display more than 1,500 properties at a four-day property fair slated to begin on October 2 at the MMRDA Grounds in Bandra Kurla Complex.

Organised by the Maharashtra Chamber of Housing Industry (MCHI), the property fair, besides showcasing projects in Mumbai and its metropolitan region, also will have pavilions displaying properties in Pune, Ahmedabad, Nashik, Baroda, Bangalore, Goa, Kochi and Chennai.

Over 22 banks and financial institutions such as ICICI Bank, State Bank, Bank of Baroda, Bank of India, LIC Housing Finance, Axis Bank and HDFC are participating in the property mega fair.

All the properties to be displayed in the expo will have requisite approvals, besides having clear titles and commencement certificates, said Bandish Ajmera, Chairman, MCHI-CREDAI Exhibition Committee.

Projects of Peninsula Group, Tata Housing, Indiabulls, Jaypee Group and Adani Group will be available for property buyers to choose from at the expo, organisers said.

Separate stalls will be there to highlight properties in central suburbs and extended areas and the island city.

MCHI- CREDAI has also developed a ‘virtual property expo’ in which all projects will be displayed online.

CREDAI seeks approval of regional plan for Nashik

NASHIK: Members of the Confederation of Real Estate Developers' Association of India (CREDAI), Nashik chapter, have met Maharashtra chief minister Prithviraj Chavan and sought approval of the Regional Plan of Nashik district at the earliest and the inclusion of rural areas in the state in its stay order on 20% reservation in the construction projects for low income groups (LIGs).

A CREDAI delegation, led by Nashik president Kiran Chavan, met the CM and presented a memorandum. The CM was in Nashik to present the state-level 'Ideal Teacher Awards'. Speaking to TOI, Kiran Chavan said, "The Nashik Division's regional plan is pending with the state since many years. Once approved, it will boost the Nashik division's development. We urged the CM to approve the plan at the earliest."

"The deadlock over 20% reservation for economically weaker sections (LIG) in housing projects over 2,000 sq m, which had put all residential building plans by the town planning departments since January on hold, was resolved after the state had stayed the issue in April 2012. We also received a stay order. But, the order is limited to the areas under the jurisdiction of municipal corporations and municipalities. The state has not made this directive applicable to the regional schemes (non-municipal corporations, non-municipalities areas). We urged the CM to resolve the 20% reservation issue for regional schemes too," he said.