Real Estates Now

Real estate firm Elite Fore Private Limited tied up with Retail Chain operator Rocket Retail Private Limited to open their retail store “ Forget MRP” in upcoming Multi-storey Group Housing Society- Elite Homez , Delhi The retail store, with a total product of 10,000+ grocery items will attract an investment of over Rs 5 crore invested by Rocket Retail Private Limited, the company said in a statement. The Retail Chain will be ready to operational once society is occupied.

Elite Homez a Super Luxury project by Elite Fore Private Limited. Elite Fore carry on the business of trading in Real Estate, Housing, Housing Society, Commercial, Institutional and all other kinds of infrastructure projects which is to hold the real estate for development. Elite Fore group has relentlessly pursuing the principle " An emerging leader in the Real Estate " and throughout our outstanding success of the group can be attributed to the same. As of now Elite Fore Private Limited has four major investors. I.e. Forget MRP , Al Habib Salon , Global Infrastructure Private Limited and Global Infra Prop Private Limited . Elite Fore was established in 2013 which is out of desire to demonstrate self-sufficiency & power of excellence in India. We give customers more value, not just by saving each thousands in fees, but by investing in every home we sell, by measuring our performance and improving constantly. Each Elite Fore properties development combines a 5 y

The national capital is set to get a state-of-the-art convention centre on the lines of the ones in Shanghai, Hong Kong and Singapore for hosting exhibitions, trade fairs and summits of international standards. To be constructed in Dwarka’s Sector 25, three kilometers from the IGI airport in south-west Delhi, the two-phased project was approved by the Union cabinet in November while the contracts were awarded last week. Architects working on the project, billed as one of the biggest in Asia, said it is conceived as a smart, zero energy, world-class facility designed for an events like G-20 summit. The  exhibition-cum-convention centre in Dwarka  and its allied infrastructure which includes, an arena, primary structure, Delhi Metro, road connectivity, hotels and office spaces, is being constructed at an estimated cost of ₹25,703 crore. It will be completed by 2025, a statement of Union ministry of commerce and industry informing about the Cabinet decision said.

Congratulations Delhi Delhi Development Authority approved the  Delhi Land Pooling policy   on the meeting conducted by the Lieutenant-Governor Anil Baijal in Delhi. Now, this Land Pooling policy attends for the final approval. The Ministry of Housing and Urban Affairs need to provide the final approval for this policy. With the help of the new scheme, the DDA will pool the parcels of land owned by the developers, individuals or builders. After this, they develop the land and return to the landowners. The modified land pooling system helps to replace the procedure of the land acquisition wherein the state government has acquired the land by providing the fixed price to the land.  Through the low price as well as the forceful acquisition complaints, this land poling system became the disliked the land parcel in the past three years. The new scheme is expected to unlock a wide range of the parcels for the cost-effective development and housing. Modified Land Pooling Policy

A housing society group on Thursday urged  Prime Minister  Narendra  Modi to ensure implementation of earlier approved Land Pooling Policy, as the new policy will deprive people of  affordable housing  in some parts of the national capital, and also warned of an agitation if this was not done. The Federation of Housing Societies and Developers in  Delhi  (FEDHSDD), which held a day-long protest at the  Delhi  Development Authority's (DDA) office, also wrote to Modi demanding immediate rollback of modified land pooling policy as it will "increase the cost of homes by 40-50 per cent and affect more than 40,000 people who have invested under the policy". "This sudden spike in rates is because the DDA, in its modified policy, has brought down the Floor Area Ratio (FAR) from 400 to 180. This change defeats the main purpose of  affordable housing  and will lead to the growth of unauthorized colonies in Delhi," FEDHSDD  Secretary  Satish Aggarwal  told th

Delhi Development Authority vice-chairman Udai Pratap Singh has said the land pooling policy was ready and "board of hearing" would be held by month-end. "Hopefully by July-end, the policy on land pool will be submitted to the ministry which will notify it," he told reporters at a press briefing organised by the housing and urban affairs ministry. Under the policy, agencies will develop infrastructure such as roads, schools, hospitals, community centres, stadia on the pooled land and return a portion of the plot to the farmer who can execute housing projects with the help of private builders. Earlier this week, housing and urban affairs minister Hardeep Puri had told Moneycontrol in an exclusive interaction that all the work on the land pooling policy had been done. “Land pooling got mixed up with master Plan amendment. Now that the court has lifted its stay we are in the process of the 15- day consultation. That 15-day consultation period will be over

New Delhi: Delhi Development Authority has published the public notice for objections/suggestions to modify Delhi Master Plan 2021 Notice Published Date- 26-May-2018 Last Date-                      09-Jun- 2018 For more details log on to www.dda.org.in

The  Supreme Court  on Thursday refused to exempt Centre from seeking public opinion on its proposed amendments in Master Plan of Delhi-2021 and directed it to grant 15 days time to city’s residents to file their objections which were to be considered before taking final decision on bringing change in the plan. While vacating its stay on proposed amendments in master plan and granting green signal to Centre to proceed, a bench of Justices  Madan B Lokur  and Navin Sinha had on May 15 directed the government to give 15-days window period to general public to express their opinion and objections against the amendments. “The  Central Government  will first invite objections from the people which can be submitted within 15 days of the notification inviting objections. After that period of 15 days is over, the Government will meaningfully consider and address the objections and make necessary modifications, as deemed appropriate. The amendments may then be notified. The final decision

L Zone is the first product of Land Pooling Policy Delhi. Now the question is why anyone should look for product in L zone.  As per as my understanding and reading various documentary. This zone is going to be a super world class city. If I can list out few unique features of this is below. A) DDA has decided density of 250-300 persons per hectares. So you can imagine the green beauty. B) There are three high security existing development likes- BSP Camp in Chawla, CRPF Camp in Jharoda Kalana and Air Force Base in Dhansa. C) Out of 22979 hectares there will be residential development in 5344 hectares only. D) There will be two major forest reserve in this area one in Mitraon and another in Jainpur. E) There are existing Industrial area in Tikri Kalan and Whole Sale food grain market in Najafgarh. F) For the better provision of Water there will be water reservoir in 900 acres. There are many reasons to invest in L Zone. We should contact the author for better understanding.   To know

The pent-up demand for housing is now getting converted into actual sales. While industry experts have been terming the scenario as buyers’ market for some time,  home buyers  themselves seem to have become more active now. The performance of some of the listed real estate companies in terms of  residential  sales over the past one year indicates that things are looking up. Lower  home loan  interest rates and the government’s impetus on  affordable housing  have played a key role in this. The government has supported the housing sector through affordable housing fund, lower Goods & Services Tax (GST) rates, increased tenure of loans under the Credit Linked Subsidy Scheme (CLSS) of  Pradhan Mantri Awas Yojana  (PMAY) and extended  income tax  benefits to apartments of carpet area of 645 sq ft. “Growth has been there in most parts of the country. There could be some pockets where the growth has been slightly slower than what one would have expected, but per se the growth has b

Recently a leading Newspaper has surveyed among the prospective Home Buyers of Delhi NCR and their key findings are followings: Reason for Buying a House :- Most buyers are motivated by the need for more space and savings on rent. What Motivates Buyer to Buy a House :- Most buyers are waiting for property prices to fall or their income to rise before they take the decision. How Much of Total Savings Will Buyers Put in the Down Payment :- One out of two home buyers is ready to pour more than 50% of of his total savings into the down payment. Key Factors That Buyers Consider while Buying:-  There are 3-4 key factors- Size of units, Price of property, Proximity to workplace and Amenities like Club House, GYM & open spaces.

New Delhi: World Class Exhibition Cum Convention Centre is coming up in Dwarka Sector-25, New Delhi. Features of this centre- 1. There will be big central hall to accommodate 10000 people at one go. 2. There will be 2 exhibition hall which will be built in 80000 sq mtr. 3. There will be many Hotels for guests. 4. First phase will be complete by 2019. 5. This center will be merely 3 km from IGI airport. Fore more details stay logged in............ 

New Delhi: DMRC has started extending the high speed Airport Express Line deeper into Dwarka with the construction work of an underground stretch. The Corridor currently running between New Delhi Metro Station and Dwarka Sector-21, will be extended till Dwarka Sector-25. 

New Delhi: The DDA has pegged its budget expenditure for the 2018-19 fiscal at over Rs 8,000 crore and plans to transform Delhi into a "world-class city" through various projects, which include the rejuvenation of the Yamuna. The budget, along with revised estimates for 2017-18, was presented before the Authority, the DDA's highest decision-making body, during a meeting held today at Raj Niwas under the chairmanship of Lt Governor Anil Baijal. "The budget expenditure for the year 2018-19 has been set at Rs 8,032 crore approximately, projecting a growth of 67 per cent over the revised budget estimates for 2017-18 at Rs 5,295 crore," the Delhi Development Authority said in a statement. As part of its budgetary allocation, the housing authority plans to spend Rs 3,633 crore on houses and shops; Rs 765 crore on acquisition of land and payment of enhanced compensation; Rs 2,348 crore on development of land; and Rs 1,286 crore on establishment and

NEW DELHI: The government today asked builders not to charge any GST from home buyers as the effective GST rate on almost all affordable housing project is 8 per cent which can be adjusted against the input credit.  It said builders can levy GST on buyers of affordable housing projects only if they reduce the apartment prices after factoring in the credit claimed on inputs.  Read more at: //economictimes.indiatimes.com/articleshow/62822084.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Courtesy- Hindustan Times 05-04-2018 

A housing society group on Thursday urged  Prime Minister  Narendra  Modi to ensure implementation of earlier approved Land Pooling Policy, as the new policy will deprive people of  affordable housing  in some parts of the national capital, and also warned of an agitation if this was not done. The Federation of Housing Societies and Developers in  Delhi  (FEDHSDD), which held a day-long protest at the  Delhi  Development Authority's (DDA) office, also wrote to Modi demanding immediate rollback of modified land pooling policy as it will "increase the cost of homes by 40-50 per cent and affect more than 40,000 people who have invested under the policy". To know more: https://realestatesnow.blogspot.com

Union minister  Hardeep Singh Puri  today said the government would complete its target of building 11 million homes under the Pradhan Mantri Awas Yojna much before 2022.  Refuting some media reports that the pace of the scheme was slowing down, the housing and urban affairs minister said that he has informed Parliament regarding the progress of the government's flagship scheme, under which 4.5 million houses would be sanctioned by the end of March.  Puri was speaking at a national workshop on Urban Livelihood Mission ceremony organised by his ministry here.  "I see the scheme progressing at a fantastic rate. I often come across narratives which are ill-informed, without any basis. On the issue of Pradhan Mantri Awas Yojna, our assessment is that we need to build 11 million homes by 2022.  "The scheme was started in June 2015. By end of March we would sanction 4.5 million homes. Five years are still left (to fulfill) the scheme's target. We will be able to complete

Here's a double bonanza waiting for homebuyers, especially those who make the cut under the credit-linked subsidy scheme (CLSS). Not only will they be entitled to interest subsidy under the scheme but also the concessional rate of 8 percent that the GST Council decided to extend to the affordable housing sector last week. The Council, in its meeting held on January 18, had decided to extend the concessional rate of GST on houses constructed/acquired under the Credit Linked Subsidy Scheme for Economically Weaker Section (EWS) / Lower Income Group (LIG) / Middle Income Group-1 (MlG-1) / Middle Income Group-2 (MlG-2) under the Housing for All (Urban) Mission/Pradhan Mantri Awas Yojana (Urban) and low-cost houses up to a carpet area of 60 square metre per house in a housing project which has been given infrastructure status, as proposed by Ministry of Housing & Urban Affairs, under the same concessional rate. The benefit of Credit Linked Subsidy Scheme can be availed by ec

Indian real estate sector is projected to reach a market size of $180 billion by 2020, a sharp rise from $126 billion in 2015. The housing sector’s contribution to the Indian GDP is expected to almost double to more than 11% by 2020 up from estimated 5%-6%, showed a joint report by realty developers’ body CREDAI and JLL India. Regulatory reforms, steady demand generated through rapid urbanization, rising household income and the emergence of affordable housing and nuclear housing are expected to be key drivers of growth for the sector, the  Confederation of Real Estate Developers ’ Association of India (CREDAI) and JLL India said. “Game changing developments like RERA and GST have created a strong base for the sector to grow, which coupled with India’s strong economic advancement have provided a perfect spring board,” said Ramesh Nair, CEO and Country Head, JLL India Real Estate (Regulation & Development) Act, 2016 RERA is expected to consolidate the Indian Real estate  indust

Land pooling in Delhi, which is expected to meet the residential needs of about 95 lakh people besides stimulating economic growth, will be in place by end of April this year, Delhi Development Authority (DDA) vice chairman Udai Pratap Singh has said. In addition to the Policy there will be FAR of 400 as earlier 150 for Delhi. Now a DE can also apply with Valid Legal Joint Consortium with Farmers. For more updates stay logged in..........

A  parliamentary panel  has blamed “lack of coordination” among different agencies responsible for planning and execution of  Delhi Master Plan  2021 for the  sealing drive  in the national capital. It has also blamed piecemeal planning and  ad hoc decision making by successive governments for the present chaos. Coming down heavily on how framing of the master plan has been reduced to a “mere exercise on paper” without paying heed to its implementability on ground, the parliamentary standing committee on housing and urban affairs ministry has recommended that the next Master Plan should be a realistic and comprehensive document accommodating the views of people, creating adequate infrastructural facilities.  With regard to the ongoing  sealing drive in Delhi , the panel has observed that despite having three Master Plans for 1981, 2001 and 2021, a comprehensive vision is still lacking. “They are of the opinion that the ongoing sealing drive is due to lack of coordination among diff