Kundli in take-off mode

Pradeep Kumar, a 45-year-old pediatrician, already owns a two-bedroom apartment in Model Town, one of north Delhi’s upmarket colonies. Nonetheless, Kumar recently booked an apartment in TDI’s integrated township in Kundli. Says Kumar: “I have two teenaged sons. Once they are married, the two-bedroom apartment will not suffice. Besides, after my retirement, I would like to live away from Delhi’s noise, traffic and congestion.”

While Kumar’s dream of living in idyllic surroundings post-retirement led him to Kundli, Dilip Khurana’s motives were more prosaic. In April 2005, this Rohini-based businessman invested in a builder’s pre-launch offer at Rs 1,000 per sq ft. Between April 2005 and January 2006, the price of Khurana’s apartment appreciated by almost 50 per cent. June and July 2006 were anxious months for Khurana with the secondary market witnessing a 10-15 per cent price correction. Since then, prices have remained stable. Anticipating very little gain in the near future, Khurana, the quintessential short-term investor, sold his apartment in August to a Rohini-based government employee and exited with a 40 per cent gain.

Source: http://www.expressestates.in/full_story.php?content_id=81903

Making a difference

The real estate sector has many players, some old, some new. The sector is seeing a boom these days and it is time to synergise and pool in strength, for companies to tap bigger opportunities to achieve higher growth and reach a predominant position in the market.

Realtech Group, a leading real estate development group, was launched around 2 years back by three promoters- Pankaj Dayal, Yogesh Gupta and Rajeev Behl- who individually have 15 to 20 years’ experience of the real estate sector. Their joining hands, with almost 50 years of combined real estate experience, to create the Realtech Group was a significant development aimed at making the company one of the country’s most professionally managed real estate and construction companies.

An ISO 9001: 14001 company, Realtech Group has presence in both commercial and residential space. The company’s ongoing commercial projects, which will be on stream soon, include Copia Corporate Suites at Jasola; Veritas Business Suites and Morpheus Corporate Suites at Gurgaon and City Emporio Mall in the heart of Chandigarh.

Source: http://economictimes.indiatimes.com/Making_a_difference/articleshow/1588204.cms

Independent floors and kothis in suburbs

A rental budget of Rs 35,000 can get good space in suburbs and decent flats in the city. Three-bedroom flats are available in south Delhi areas like Green Park, Hauz Khas, Safdarjung and Saket. The area ranges from 1,700 to 2,500 sq ft.

North Delhi areas have plenty to offer. Civil Lines has three- to four-bedroom apartments. The area ranges from 1,750 to 2,500 sq ft. Model Town offers four-bedroom flats with a built-up area of 2,970 sq ft. Ashok Vihar also has similar apartments but the built-up area is around 2,430 sq ft. Independent houses are available in Otrum Line and Hudson Line. These are built on a plot of 160 sq yd. Pitampura and Shalimar Bagh also have independent houses. These are big and are built on a plot area of 400 sq yd. All these houses have four-bedrooms.

Source: http://www.expressestates.in/full_story.php?content_id=80677