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Monday, November 18, 2013

Dewan Housing Finance gets $85 million from IFC for housing green mortgages

Dewan Housing Finance gets $85 million from IFC for housing green mortgages


MUMBAI: World Bank group company IFC said it will extend $85 million in loan to Dewan Housing Finance for affordable and energy-efficient housing.

Of the total loan, given with the support of Canada government, IFC will provide $70 million through external commercial borrowing, a press release issued said, adding that the remaining USD 15 million will come from the IFC-Canada climate change programme to financing green mortgages.

The green loan to Dewan will reduce 6,200 tonne carbon emissions per year, the release claimed.

“By demonstrating the benefit of green homes, the project is expected to help home buyers in low and middle income segments buy affordable energy-efficient homes,” Serge Devieux, IFC director for South Asia said in the release.

Commenting on the development, Dewan Housing Chairman and Managing Director Kapil Wadhawan said the investment will demonstrate the viability of offering housing finance to low and middle income clients.

IFC, in 2003 also provided a loan of around $12.5 million to Dewan Housing Finance. IFC also co-invested in Aadhar Housing Finance, a company jointly promoted by DHFL Group and IFC, which provides affordable home loans to low income borrowers.

http://economictimes.indiatimes.com/markets/real-estate/news/dewan-housing-finance-gets-85-million-from-ifc-for-housing-green-mortgages/articleshow/25329879.cms

Dont take up Lucknow Metro project: Govt to DMRC

Dont take up Lucknow Metro project: Govt to DMRC


New Delhi: Delhi government does not want Delhi Metro Rail Corporation (DMRC) to take up any work for Metro network in Lucknow. The city government has cautioned DMRC from taking up any interim consultancy work, which may cause embarrassment to the organization at a later stage.

Sources said Delhi chief secretary Deepak Mohan Spolia wrote a letter to the DMRC managing director last week suggesting the agency not to make a commitment to the UP government. The issue was also raised in the DMRC board meeting last week.

This will have direct impact on the timeframe that UP government has proposed for completion of the first phase of 24 km in the city. The delay to get even an interim consultant will mean the projects deadline will get extended, said a government official.

UP government has approved the first phase of the Metro project estimated at Rs 8,000 crore. The north-south corridor would connect Lucknow Airport to Munshi Pulia. The first phase of the project is set to be complete by 2016-17.

Though DMRC officials confirmed receiving the Delhi government letter, they refused to comment. Spolia could not be reached.

This is the second time Delhi government has opposed DMRC taking up work in UP. Earlier, the government had objected to DMRCs role in extension of two Metro corridors in Noida and Ghazaibad claiming that the corporation has too much work.

In her letter to A K Antony, who heads the GoM on mass transit system, Dikshit said maintaining the Delhi Metro is a demanding task and diverting its resources may adversely affect its functioning.

Delhi government has equal say in DMRC, like that of Central government, since the public sector body has 50:50 partnership.

Source:http://epaper.timesofindia.com

दिसंबर में आएगी फ्लैटों की योजना

 प्राधिकरण के 866 फ्लैटों की योजना दिसंबर के पहले सप्ताह में आने की उम्मीद है। प्राधिकरण अभी आरक्षित श्रेणी के अनुसार फ्लैटों की संख्या तय करने में जुटा है।
दरअसल, प्राधिकरण की आवासीय योजनाओं में उद्यमियों, व्यवसायियों, किसानों और प्राधिकरण कर्मचारियों को आरक्षण मिलता है। इस हिसाब से करीब 50 फीसदी फ्लैट आरक्षित श्रेणी में आ जाते हैं। उसके बाद बचे हुए फ्लैटों पर सामान्य लोग आवेदन कर सकते हैं। इसी आरक्षण के हिसाब से फ्लैटों की संख्या तय की जा रही है। यह काम सप्ताह भर में पूरा कर लिया जाएगा। योजना का आवेदन पत्र तो एक होगा, लेकिन श्रमिक कुंज, ईडब्ल्यूएस, एलआईजी, एमआईजी और एचआईजी फ्लैटों में से किस श्रेणी के लिए आवेदन कर रहे हैं, इसका जिक्र करना होगा। इसी श्रेणी के हिसाब से ड्रॉ होगा।
गौरतलब है कि 866 फ्लैटों में से 485 श्रमिक कुंज, 150 ईडब्ल्यूएस, 143 एलआईजी, 41 एमआईजी और 47 एचआईजी फ्लैट हैं। श्रमिक कुंज सेक्टर-66, 73, 93, 110 और 122 में स्थित हैं। ईडब्ल्यूएस फ्लैट सेक्टर-73 और 99 में, एलआईजी फ्लैट सेक्टर-99 व 135 में, एमआईजी फ्लैट सेक्टर-100 में और एचआईजी फ्लैट सेक्टर-99 में स्थित हैं। प्राधिकरण ने एचआईजी फ्लैट की कीमत एक करोड़, एमआईजी की 59 लाख, एलआईजी की 35.51, ईडब्ल्यूएस की 9 व 10 लाख और श्रमिक कुंज की कीमत 4.70 लाख रुपये तय की है। डीसीईओ अखिलेश सिंह ने दिसंबर के पहले सप्ताह तक योजना को लॉन्च होने की उम्मीद जताई है।

source:http://epaper.amarujala.com/svww_zoomart.php?Artname=20131115a_003105007&ileft=336&itop=602&zoomRatio=183&AN=20131115a_003105007

Cidco to float tenders for airport partner

Cidco to float tenders for airport partner


NAVI MUMBAI: The City and Industrial Development Corporation (Cidco) will soon go ahead with its global tendering of request for qualification (RFQ) to appoint a strategic partner for developing the proposed international airport at Panvel.

This move comes after Prime Minister Manmohan Singh okayed the compensation package offered to the villagers and most of them accepted it.

The comprehensive RFQ document involves evaluating the pre-qualification criterion of bidders, followed by request for proposal (RFP) that includes the technical aspects of the airport and those qualifying being asked to make the commercial bid.

The appointment of a strategic partner would be for the four-phase development of the Rs 15,000 crore airport project, with an investment of around Rs 5,000 crore for the first phase. A major chunk,

Close to 50% of the amount will be required for razing down the Ulwe hill to create the runaway and develope the core aeronautical area.

Mohan Ninawe, Cidco PRO, said, “The RFQ document prepared by our principal consultant M/s Louis Berger is ready. It will be submitted to the chief secretary-led project monitoring and implantation committee. After it is finalised, the draft would be forwarded to Union civil aviation ministry for its approval. Then Cidco will go ahead with the tendering process.” Louis Berger has prepared the master plan, detailed project report (DPR) and financial and transaction advisory services, according to a Cidco brochure on the proposed airport.

The project involves 2,268 hectares – 1,160 for core aeronautical area and 1,108 for outside aeronautical area. The planning body has to acquire 671 hectares-292 in the core area for developing the airport and the remaining outside it.

http://timesofindia.indiatimes.com/city/navi-mumbai/Cidco-to-float-tenders-for-airport-partner/articleshow/25780832.cms

Sunday, November 10, 2013

Price jump along Dwarka Expressway

Price jump along Dwarka Expressway


Housing prices have jumped nearly three-fold on Dwarka Expressway in Gurgaon during the past five years to ~7,000 per sq ft but the slow pace of constuction of highway and litigation issues have become a major hurdle for growth of this corridor, property consultant DTZ has said.

Property consultant DTZ in its report ‘Investment Hotspots in Delhi NCR’ said that average residential capital value on Dwarka Expressway has risen from ~2,426 per sq ft in 2009 to ~7,000 in 2013.

The 18-km-long Dwarka Expressway, also known as Northern Peripheral Road, is a eight-lane expressway linking Dwarka-Gurgaon. It is being developed by Indiabulls group under public private partnership (PPP).

DTZ said that Dwarka Expressway is one of the latest hotspots for real estate opportunities for home seekers and potential investors. Proximity to the national capital and IGI airport gives Dwarka Expressway an edge over other upcoming real estate destinations such as Dharuhera, Bhiwadi, Yamuna Expressway and Noida-Greater Noida Expressway.

However, the consultant said that “the snail’s pace at which the construction of the expressway is progressing along with litigation issues with respect to land acquisition on a 4 km stretch of the expressway are proving to be major hurdles in the growth of the corridor”.

Prominent developers like BPTP, Puri Construction, Raheja, Mahindra Lifespace, Sobha Developers, Ansal Housing, Assotech, Paras and Ramprastha have launched more than 50 projects on Dwarka Expressway and are at various stages of construction. These projects range from mid end to premium segment.

“Between 2009 and 2013, the location has witnessed the second highest number of project launches, after new sectors in Gurgaon (in terms of number of units). Approximately 18,000 residential units have been launched in the last five years across 44 projects ranging from mid to premium category,” it said.

Dwarka Expressway is expected to receive second highest number of housing units (about 24,160) between 2013 and 2018.

With approval of Land Pooling policy by Delhi Development Authority (DDA), which has unlocked substantial land for both housing and commercial use in Delhi, the consultant said real estate growth on Dwarka Expressway is expected to take a hit.

“Adding on to the growth inhibitors is the slow pace of construction of the expressway and the litigation issues. In order to realise the envisaged potential of this corridor, it is essential for government to expedite the infrastructural development which currently is at a nascent stage,” DTZ said. — PTI

Real Estate Round Up – November 05 to 08, 2013

 Real Estate Round Up – November 05 to 08, 2013

 According to Cushman & Wakefield’s latest retail reports, the overall vacancy levels in malls declined by 0.6 percentage to 14.51% on account of consistent leasing activities while supply has been only 0.77 msf gets added in Kolkata and Pune . Healthy transaction activity led to reduction in overall mall vacancy of Pune and Kolkata despite the addition of fresh mall space in both the cities. Pune witnessed the opening of a new mall measuring 700.000 sf, while Kolkata witnessed the partial opening of a mall with only anchors and mini-anchor stores operational at 70,000 sf.

Increased leasing activities and lack of infusion of new mall space led to a 1.8 % dip in Bengaluru’s mall vacancy.  Chennai and Ahmedabad witnessed marginal reduction in mall vacancy. Mumbai and NCR however recorded slight increase in vacancy levels due to ongoing churn in various malls.

As per Q2 2013 estimates, 9 malls were expected to be operational by Q3 2013. However, a total of 7 malls, admeasuring 2.62 million square feet (msf) were deferred. Bengaluru and Chennai witnessed deferment of two malls each totalling to 710,000 sf and 461,000 sf respectively. In Bengaluru, one mall got deferred due to construction delays while the other went on hold due to liquidity issues. Out the two malls in Chennai, one got deferred to early next quarter due to delay in construction completion, while the other mall had to be deferred due to lack of sufficient demand from retailers. Pune also saw postponement of 430,000 sf of mall space due to lack of demand from retailers mainly due to locational constraints of the project. Hyderabad witnessed deferment of 425,000 sf mall supply to early Q4 2013 due to construction delays. A mall space of 225,000 sf was deferred in NCR to later quarters because of delays in acquiring necessary regulatory approvals for operation.




Source:http://www.indiainfoline.com/Markets/News/Real-Estate-Round-Up-November-05-to-08-2013/5815212865

IFC, Govt of Canada lend $85mn to Dewan Housing

 IFC, Govt of Canada lend $85mn to Dewan Housing


 IFC, a member of the World Bank Group, will provide a $85 million loan to Dewan Housing Finance to expand finance for affordable and energy-efficient housing in India. The loan is being given with the support of the Government of Canada.

Of the total loan, IFC will provide $70 million through external commercial borrowing. IFC has committed an additional $15 million to finance green mortgages under the IFC-Canada Climate Change Program, made possible thanks to the Government of Canada's instrumental contribution, which made the financing package viable. IFC is the implementing agency for the program. The loan to Dewan, to be used for green mortgages, will reduce 6,200 tons of carbon emissions per year.

“While housing finance is one of the lowest risk asset classes in India, financial institutions have so far shown limited interest in the low income segment,” said Kapil Wadhawan, Chairman and Managing Director, Dewan Housing Finance. “IFC’s investment will demonstrate the viability of offering housing finance to low and middle income clients. IFC's support to Dewan is a recognition of the company's track record in serving this segment."

The housing finance market in India has a huge gap to fill. According to India’s Twelfth Five Year Plan (2012-2017), the housing shortage in the country is estimated at 58.8 million units. Over 90 percent of this demand is from low-income households, especially the under-served segments.

“Promoting housing finance is one of the key priority areas for IFC in India, especially in India's low income states,” said Serge Devieux, IFC Director for South Asia. “By demonstrating the benefit of green homes, the project is expected to help home buyers in low and middle income segments buy affordable energy-efficient homes.”

IFC has a long-term partnership with Dewan Housing over the last decade. In 2003, IFC provided a loan of around $12.5 million to the company. IFC also co-invested in Aadhar Housing Finance, a company jointly promoted by DHFL Group and IFC, which provides affordable home loans to low income borrowers.



Friday, September 27, 2013

SEZ In India

Approved SEZs in India:

Special Economic Zone (SEZ)




SEEPZ Special Economic Zone

Development Commissioner,
SEEPZ, Andheri (East)Mumbai-400096
Tel: 91-22-28290856, 28291388, 28290046, 28292147, 28292144
Fax: 91-22-28291385, 22829175
E-mail: dc@seepz.com
Website: www.seepz.com    
 
 Kandla Special Economic Zone,

Development Commissioner
KSEZ, Gandhidham, Kachchh
Tel: 91-2836-252194, 252273, 252194, 252475, 253300, 252281
Fax: 91-2836-252250,
E-mail: dc@kasez.com
Website: www.kasez.com

Cochin Special Economic Zone,

Development Commissioner,
CSEZ, Kakkanad,
Cochin - 682030
Tel: 91-484-2413222, 2413235, 2413111, 2413234
Fax: 91-484-2413074
E-mail: dc@csez.gov.in
Website: www.csez.com         

 Madras Special Economic Zone

Development Commissioner
MEPZ Special Economic Zone, National Highway 45,
Tambaram, Chennai-600045 MEPZ CHENNAI
Tel: 91-44-22628220, 22628230, 22628233
Fax: 91-44-2628218
Email: dc@mepz.gov.in
Website: www.mepz.com


Visakhapatnam Special Economic Zone

Development Commissioner
VSEZ, Duvvada,
Visakhapatnam, 530046
Tel: 91-891-2754577, 2587555
Fax: 91-891-2587352
E-mail: dc@vsez.com
Website: www.vepz.com          

Falta Special Economic Zone

Development Commissioner
FSEZ, M.S.O Building, 4th Floor, Nizam Palace,
Kolkata-700020
Tel: 91-33-22472263, 22477923, 22404092
Fax: 91-33-22477923
Email: fepz@wb.nic.in
Website: www.fepz.com

Noida Export Processing Zone

Development Commissioner
NSEZ, Noida Dadri Road, Phase-II,
Noida District, Gautam Budh Nagar-201305 (U.P.)
Tel: 91-120-2562315, 2567274, 2567270-73,
Fax: 91-120-2562314, 2567276
Email: dcnepz@nda.vsnl.net.in
Website: www.nepz.org         

 Surat Special Economic Zone

Development Commissioner,
Surat Special Economic Zone
Diamond Park,
SachinSurat-394230
Tel: 91-261-2372733, 2372734
E-mail: Maria@bom3.vsnl.net.in
Website: www.sursez.com


Manikanchan, Salt Lake SEZ

(for gems and jewellery)
West Bengal Industrial Development Corporation Ltd.,5,
Plot No.-1, Block-CN, Sector V, Salt Lake City,
Kolkata-700001
Tel: 91-33-23674861
Fax: 91-33-23674860
E-mail: mdbidc@vsnl.com          

Indore Special Economic Zone

(Multi-product)
3/54, Press Complex, Free Press Home,
H.B. Road, Indore-452018
Tel: 91-731-2560619, 2560666, 2560674
Fax: 91-731- 4290586
E-mail:  md@sezindore.com
Website : www.sezindore.com


Jaipur Special Economic Zone (Gems and Jewellery)

Chairman cum Managing Director
Rajasthan State Industrial Development & Investment Corporation Ltd.,  (RIICO)
Udyog Bhawan, Tilak Marg
Jaipur-302005
Tel: 91-141-2227751, 5113201
Fax: 91-141-5104804
E-mail: riico@riico.com
website: www.riico.com          

Mahindra City-SEZ, Chennai (Tamil Nadu)

(Information Technology)
M/s. Mahindra Industrial Park Ltd.
Arjay Apex Centre, 24, College Road,
Chennai-600 006
Tel: 91-44-2821 2893-94
Fax: 91-44-2821 2895
E-mail: infor@mahindraworldcity.com
Website: www.mahindraworldcity.com

Mahindra City-SEZ, Chennai (Tamil Nadu)

(Apparel and fashion accessories)
M/s. Mahindra Industrial Park Ltd.
Arjay Apex Centre, 24, College Road,
Chennai-600 006
Tel: 91-44-2821 2893 / 2894
Fax: 91-44-2821 2895
Email: infor@mahindraworldcity.com
Website: www.mahindraworldcity.com         

 Salt Lake Electronic City-SEZ, Kolkata

(Software Development and IT enabled services)
M/s. WIPRO Ltd., Wipro Infotech,
Thapar House, 124,  Janpath,
New Delhi-110011.
Tel: 91-11-23366997
Fax: 91-11-23362145

Moradabad Special Economic Zone

(Handicrafts)
Managing Director,
U.P. State Industrial Development Corporation Ltd.,
UPSIDC Complex A-1/4, Lakhanpur,
Kanpur-208024 (Uttar Pradesh)
Tel: 91-512-2582851-53
Fax: 91-512-2280797
E-mail: feedback@upsidcltd.com          

Jodhpur Special Economic Zone

(Handicrafts)
Chairman cum Managing Director
Rajasthan State Industrial Development & Investment Corporation Ltd., (RIICO)
Udyog Bhawan, Tilak Marg
Jaipur-302005
Tel: 91-141-2227751, 5113201
Fax: 91-141-5104804
E-mail: riico@riico.com
website: www.riico.com

Mahindra City, Chennai (Tamil Nadu)

(auto ancillaries)
Chief Operating Officer,
M/s. Mahindra Industrial Park Ltd.,
Arjay Apex Centre, 24, College Road,
Chennai-600 006
Tel: 91-44-2821 2893 / 2894
Fax: 91-44-2821 2895
E-mail: infor@mahindraworldcity.com
Website: www.mahindraworldcity.com  
       
Surat Apparel SEZ

Village Vanj, Distt. Surat (Apparel)
Gujarat Industrial Development Corporation,
Udyog Bhavan, Block No.4, 2nd Floor, Sector-11,
'GH' Road, Gandhinagar -382 017, Gujarat
Tel: 91-079-23225801/5811
Fax: 91-079-23225815
E-mail: gmdevad1@sanchamet.in
Website: www.gidc.gov.in

M/s. Nokia India Pvt. Ltd.,
Sriperumbudur (Tamil Nadu)
(Telecom equipment and services in telecom
2F, Prakash Presidium, 110,
Nungambakkam High Road, Nungambakkam,
Chinnai-600034
Tel: 91-44-47119000
Fax: 91-44-47119999          

 

SEZ In India

Approved SEZs in India:

Special Economic Zone (SEZ)




SEEPZ Special Economic Zone

Development Commissioner,
SEEPZ, Andheri (East)Mumbai-400096
Tel: 91-22-28290856, 28291388, 28290046, 28292147, 28292144
Fax: 91-22-28291385, 22829175
E-mail: dc@seepz.com
Website: www.seepz.com    
 
 Kandla Special Economic Zone,

Development Commissioner
KSEZ, Gandhidham, Kachchh
Tel: 91-2836-252194, 252273, 252194, 252475, 253300, 252281
Fax: 91-2836-252250,
E-mail: dc@kasez.com
Website: www.kasez.com

Cochin Special Economic Zone,

Development Commissioner,
CSEZ, Kakkanad,
Cochin - 682030
Tel: 91-484-2413222, 2413235, 2413111, 2413234
Fax: 91-484-2413074
E-mail: dc@csez.gov.in
Website: www.csez.com         

 Madras Special Economic Zone

Development Commissioner
MEPZ Special Economic Zone, National Highway 45,
Tambaram, Chennai-600045 MEPZ CHENNAI
Tel: 91-44-22628220, 22628230, 22628233
Fax: 91-44-2628218
Email: dc@mepz.gov.in
Website: www.mepz.com


Visakhapatnam Special Economic Zone

Development Commissioner
VSEZ, Duvvada,
Visakhapatnam, 530046
Tel: 91-891-2754577, 2587555
Fax: 91-891-2587352
E-mail: dc@vsez.com
Website: www.vepz.com          

Falta Special Economic Zone

Development Commissioner
FSEZ, M.S.O Building, 4th Floor, Nizam Palace,
Kolkata-700020
Tel: 91-33-22472263, 22477923, 22404092
Fax: 91-33-22477923
Email: fepz@wb.nic.in
Website: www.fepz.com

Noida Export Processing Zone

Development Commissioner
NSEZ, Noida Dadri Road, Phase-II,
Noida District, Gautam Budh Nagar-201305 (U.P.)
Tel: 91-120-2562315, 2567274, 2567270-73,
Fax: 91-120-2562314, 2567276
Email: dcnepz@nda.vsnl.net.in
Website: www.nepz.org         

 Surat Special Economic Zone

Development Commissioner,
Surat Special Economic Zone
Diamond Park,
SachinSurat-394230
Tel: 91-261-2372733, 2372734
E-mail: Maria@bom3.vsnl.net.in
Website: www.sursez.com


Manikanchan, Salt Lake SEZ

(for gems and jewellery)
West Bengal Industrial Development Corporation Ltd.,5,
Plot No.-1, Block-CN, Sector V, Salt Lake City,
Kolkata-700001
Tel: 91-33-23674861
Fax: 91-33-23674860
E-mail: mdbidc@vsnl.com          

Indore Special Economic Zone

(Multi-product)
3/54, Press Complex, Free Press Home,
H.B. Road, Indore-452018
Tel: 91-731-2560619, 2560666, 2560674
Fax: 91-731- 4290586
E-mail:  md@sezindore.com
Website : www.sezindore.com


Jaipur Special Economic Zone (Gems and Jewellery)

Chairman cum Managing Director
Rajasthan State Industrial Development & Investment Corporation Ltd.,  (RIICO)
Udyog Bhawan, Tilak Marg
Jaipur-302005
Tel: 91-141-2227751, 5113201
Fax: 91-141-5104804
E-mail: riico@riico.com
website: www.riico.com          

Mahindra City-SEZ, Chennai (Tamil Nadu)

(Information Technology)
M/s. Mahindra Industrial Park Ltd.
Arjay Apex Centre, 24, College Road,
Chennai-600 006
Tel: 91-44-2821 2893-94
Fax: 91-44-2821 2895
E-mail: infor@mahindraworldcity.com
Website: www.mahindraworldcity.com

Mahindra City-SEZ, Chennai (Tamil Nadu)

(Apparel and fashion accessories)
M/s. Mahindra Industrial Park Ltd.
Arjay Apex Centre, 24, College Road,
Chennai-600 006
Tel: 91-44-2821 2893 / 2894
Fax: 91-44-2821 2895
Email: infor@mahindraworldcity.com
Website: www.mahindraworldcity.com         

 Salt Lake Electronic City-SEZ, Kolkata

(Software Development and IT enabled services)
M/s. WIPRO Ltd., Wipro Infotech,
Thapar House, 124,  Janpath,
New Delhi-110011.
Tel: 91-11-23366997
Fax: 91-11-23362145

Moradabad Special Economic Zone

(Handicrafts)
Managing Director,
U.P. State Industrial Development Corporation Ltd.,
UPSIDC Complex A-1/4, Lakhanpur,
Kanpur-208024 (Uttar Pradesh)
Tel: 91-512-2582851-53
Fax: 91-512-2280797
E-mail: feedback@upsidcltd.com          

Jodhpur Special Economic Zone

(Handicrafts)
Chairman cum Managing Director
Rajasthan State Industrial Development & Investment Corporation Ltd., (RIICO)
Udyog Bhawan, Tilak Marg
Jaipur-302005
Tel: 91-141-2227751, 5113201
Fax: 91-141-5104804
E-mail: riico@riico.com
website: www.riico.com

Mahindra City, Chennai (Tamil Nadu)

(auto ancillaries)
Chief Operating Officer,
M/s. Mahindra Industrial Park Ltd.,
Arjay Apex Centre, 24, College Road,
Chennai-600 006
Tel: 91-44-2821 2893 / 2894
Fax: 91-44-2821 2895
E-mail: infor@mahindraworldcity.com
Website: www.mahindraworldcity.com  
       
Surat Apparel SEZ

Village Vanj, Distt. Surat (Apparel)
Gujarat Industrial Development Corporation,
Udyog Bhavan, Block No.4, 2nd Floor, Sector-11,
'GH' Road, Gandhinagar -382 017, Gujarat
Tel: 91-079-23225801/5811
Fax: 91-079-23225815
E-mail: gmdevad1@sanchamet.in
Website: www.gidc.gov.in

M/s. Nokia India Pvt. Ltd.,
Sriperumbudur (Tamil Nadu)
(Telecom equipment and services in telecom
2F, Prakash Presidium, 110,
Nungambakkam High Road, Nungambakkam,
Chinnai-600034
Tel: 91-44-47119000
Fax: 91-44-47119999          

 

IT Parks In India

Information Technology Parks


IT Parks In India
Hitec City - Hyderabad

The Hyderabad Information Technology and Engineering Consultancy City (HITEC City) is the largest Information Technology park in India, which offers world class state-of-the-art IT infrastructure under one roof to companies operating in the field of IT services, IT enabled services, Telecom, Engineering Consultancy and related domains.

The one stop solution (HITEC City) provides not only Plug-n-Play business space for starting up immediate IT operations, also meets the continuosly scalable expansion plans year after year commensurating the business growth of respective organizations providing the cost advantages continuosly in the most man power intensive-cum-economical city of Hyderabad.

Website: Hitec City - Hyderabad
    IT Directory - Hyderabad - Hiteh City

Hitec City
IT Directory - Hyderabad - Cyber Pearl     Cyber Pearl - Hyderabad

ASCENDAS and its Indian partner L&T Infocity on Wednesday inaugurated a new multi-storey information technology (IT) complex in Hyderabad called Cyber Pearl, which provides 270,000 sq ft of space to cater to technology-related businesses in India. According to an Ascendas spokeswoman, 80 per cent of the building has been taken up following brisk demand from multinational companies such as HSBC and US-based Market Tools, as well as local IT corporations such as Nipuna and Keane India.

Cyber Pearl
YS Rajasekhara Reddy, the Chief Minister of Andhra Pradesh, of which Hyderabad is the capital, and Lim Boon Heng, Singapore's Minister in the Prime Minister's Office and Secretary-General of the National Trades Union Congress, were present during the inauguration. Mr Lim said: 'I am impressed to see that Cyber Pearl provides the kind of quality work-play environment conducive not only to the development of business but also the working community.'.Located in HITEC City in Hyderabad, Cyber Pearl is the first project by the joint venture L&T Infocity-Ascendas (LTIAL).

Website: Cyber Pearl
Cyber Gateway - Hyderabad

Success follows Success Cyber Gateway in Phase-II of HITEC City, offers all the facilities offered in Cyber Towers, all over again.. The building is designed as per Vastu Shastra, the ancient Indian Science of architecture. In the shape of a giant arch, it stands as a gateway to the rest of HITEC City.. so is named Cyber Gateway.
    IT Directory - Hyderabad - Hytech City

Cyber Gateway
Facilities : 866,000 sq.ft of office space - over 8 acres of land, Elegance meets efficiency - impressive glass facade, landscaped gardens, plush waiting lounge, Range of spaces - unit sizes from 1700 sq.ft. to 36,000 sq.ft or multiples thereof, Gracious spaces Increased floor-to-floor height, large column-free areas and ample parking areas on ground and mezzanine floors, Computerized building management systems - ensures round-the-clock services, Assured quality power DieselGenerator backup for critical loads, server room AirConditioning, Air Handling Units and all common services, State-of-the-art communications Fibre optic link to earth stations and Cyber Towers.

Website: Cyber Gateway
IT Directory - International Tech Park - Chennai     International Tech Park - Chennai

After the overwhelming success of its International Tech Park in Bangalore, the Chennai-based Ascendas (India), a subsidiary of the Singapore-based Ascendas, is embarking on a major project in Chennai: International Tech Park Chennai, to meet the growing space requirement in this region. The company has also developed a 250,000 sq. ft. IT park,Cyber Pearl, in Hyderabad.

International Tech Park
The Chennai project, located along the IT Corridor of Chennai, is being developed in association with the Tamil Nadu Industrial Development Corporation (TIDCO), which promoted the TIDEL Park. Slated to be developed in three phases, the first phase will create around 525,000 sq. ft. of quality space for both IT and ITES (IT-enabled services) operations on a 5-acre plot. The building forms the first phase of the 1.5 million square feet of business space. The first phase is expected to house around 6,000 highly-skilled workers.

Website: Internation Tech Park - Chennai
International Tech Park Ltd - Bangalore

Information Technology Park (ITPL) develops and manages the International Tech Park,Bangalore, a joint venture involving Tata Industries, the Singapore Consortium and the Karnataka Industrial Areas Development Board. The company focuses on providing state-of-the-art infrastructure and professionally managed services to attract global and local investors to Bangalore.
    IT Directory - ITPL - Bangalore

International Tech Park Ltd
Features: The Tech Park is spread over 69 acres at Whitefield Road, 12 km from Bangalore airport and 18 km from the city centre. It currently comprises five buildings " Discoverer, Innovator,Creator, Explorer and Inventor " totalling nearly 2 million square feet of office, production, commercial and retail space. It also has a residential tower of 51 apartments.

Website: International Tech Park - Bangalore
IT Directory - Prestige Technology Parks - Bangalore     Prestige Technology Parks - Bangalore

It is common knowledge that Bangalore has emerged as the IT-BPO destination of India. It has carved an identity for itself in this segment and has even gained international recognition as the Silicon Valley of our country. A natural outcome of this phenomenon has been the advent of technology parks-software campuses that house every amenity that an IT company may need. And in the recent years, Bangalore has seen quite a few of them. Keeping in mind the needs of a software city like Bangalore, Prestige has undertaken numerous projects for the leading software giants who have set up shop here.

Prestige Technology Parks
The other IT parks are the Prestige Blue Chip Software Park and the Cessna Business Park. The former is located on Hosur Road, Koramangala, Bangalore, and is a mere 20 minutes drive from M.G. Road. It comprises of six blocks with a total area of 4,00,000 sq.ft.and is fully occupied by leading software companies like Oracle, Celstream, Hutch and Andale. The Cessna Business Park will be situated right opposite the Technology Park and will be spread over approximately 60 acres of land.

Website: Prestige Technology Parks - Bangalore
IT Directory - Cyber Park- Bangalore     Cyber Park - Bangalore

It is the most sought-after address in the throbbing IT capital of the country. Located in the midst of leading IT giants and new-economy bigwigs, Cyber Park, is far from being just another high-tech IT park. Rubbing shoulders with world-class IT majors like Infosys, Wipro, Siemens, HP, Birla 3M, GE Capital, Digital, Tata R&D and Motorola, it offers only the best services to elite IT and ITeS companies.

Cyber Park
The infrastructure : It is well connected to the business district of Bangalore, which is 15 km away, by a smooth six-lane highway. Apart from the tree-lined avenues and pollution-free environment, the IT Park gets uninterrupted water and power supply. The Electronics City has been promoted by the Karnataka government as a premier destination for knowledge-based industries and forms a part of the IT corridor. The STPI earth station is a stone's throw away from Cyber Park and provides seamless bandwidth. Besides, the IT Park is in the vicinity of plush residential areas.

Website: Cyber Park - Bangalore
TechnoPark - Trivandrum

Technopark, Trivandrum, an autonomous society promoted by the Government of Kerala, is India's first technology park and among the two largest IT parks in India today. Spread over 156 acres, and about 1.5 m. sq.ft. of built-up space, Technopark hosts over 55 IT and ITES companies, including 4 CMM Level 5, 2 CMM Level 3 and several ISO 9000 certified companies, employing over 5000 IT Professionals. The select list of companies working at Technopark include Ernst & Young Middle East,Tata Elxsi, US Software, Network Systems & Technologies, IBS, Hays BPO, Suntec, IVL, and Toonz.
    IT Directory - Technopark - Trivandrum

TechnoPark
Technopark is the IT hub of the State of Kerala, and based in Trivandrum which can rightfully claim to be the knowledge capital of the region. Technopark provides world class, robust and failsafe physical, power and datacom infrastructure, offering a no compromise yet low cost enabling environment for IT industry that is leveraged by its occupant companies for a competitive advantage.

Website: TechnoPark - Trivandrum
The V, Hyderabad

The V pulsates with life and vibrancy in Cyberabad, the IT Corridor of Hyderabad in Madhapur.

The 20-acre Park is a hive of activity. More than 7,000 professionals in the IT and ITES industries work and play in an engaging campus- like environment of quality infrastructure and an exciting array of amenities.

The V comprises 5 phases: Mariner, Auriga, Orion, Capella and Vega.
    IT Directory - The V, Hyderabad

The V, Hyderabad
Parkites enjoy 24/7 broadband connectivity, fully equipped business meeting areas, a showcase central plaza, lush gardens and spacious cafeterias. Extensive landscaping wrapping around the naturally rocky terrain provide soothing serenity and calm after an intense work day.

The V counts among renowned IT Parks in India that enjoy top quality management and The Ascendas Advantage of quality business space, reliable business solutions and an unmatched international business lifestyle.

Website: The V, Hyderabad
CyberVale, Chennai

CyberVale IT Park is Ascendas' second IT Park project in Tamil Nadu, after the renowned International Tech Park Chennai (ITPC), and Ascendas' first IT SEZ Park project in India. The IT Park is being developed in four phases, spread across 18.5 acres of lush landscape that balances nature and a world-class environment, ideal for IT, ITES and R&D companies.

The first three phases of the park, namely Lakeview, Springfield and Mindtree House provide a total area of 800,000 sq ft of prime business space. Once completed, all four phases will offer business space totaling 1 million sq ft which will house a community of some 10,000 professionals.

CyberVale offers quality infrastructure in a fully integrated business environment complete with lifestyle amenities.
    IT Directory - CyberVale, Chennai

CyberVale, Chennai
In addition to the world-class business space and amenities, employees at CyberVale are treated to a business lifestyle that epitomizes the work-play balance synonymous in all Ascendas parks. These include regular tenant events such as lifestyle and sports activities.

Website: CyberVale, Chennai
International Tech Park, Pune

Two like-minded partners - Ascendas, the leading IT Park brand in Asia, and Maharashtra Industrial Development Corporation (MIDC) - have teamed up to create a premier IT Park address in Pune, Maharashtra.

The International Tech Park Pune (ITPP) is located within Phase III of the Rajiv Gandhi Infotech Park, Hinjewadi, a designated Special Economic Zone (SEZ). In close proximity to the Pune-Mumbai Expressway, the Park is easily accessible from the city centre, Pune railway station and the Pune airport.
     International Tech Park, Pune

International Tech Park, Pune
Set amidst lush landscaping, with an aesthetically appealing view of the rolling hills of the Deccan plateau, ITPP is the ideal business environment where creativity and ideas can bloom. The Park embodies the unique Ascendas Advantage - a perfect blend of high quality business space, reliable solutions and an international business lifestyle second to none.

Website: International Tech Park, Pune

Public IT Parks

List of Public IT Parks in Maharashtra

Sr.No.     Name of IT park    
1.     Santacruz Electronics Export Processing Zone (SEEPZ)     MIDC, Andheri (East), Mumbai    
2.     International Infotech Park     CIDCO, Navi Mumbai     CIDCO
3.     Millennium Business Park     MIDC, Mahape, Thane     MIDC
4.     Dronagiri IT Hardware Park     Uran, Raigad     CIDCO
5.     Talwade Software Park     Uran, Raigad     CIDCO
6.     Software Technology park     Bhosari, Pune     STPI,Pune
7.       Pune Infotech Park     Hingewadi, Pune     MIDC
8.       Software Technology park     Sadar, Nagpur     MIDC
9.       Software Technology park     Chikhalthana / Waluj, MIDC, Aurangabad     MIDC
10.     Belapur International Technology Park     CIDCO     CIDCO
11.     Millenium Business Park     MIDC     MIDC
12.     Samruddhi Venture Park     MIDC     MIDC
13.     Electronic Zone     TTC     MIDC
14.     Marol Industrial and Information Technology Park     Marol, Andheri     MIDC
15.     Parsodi Information Technology Park     Nagpur     MIDC
16.     Ambad IT park Ambad     Nashik     MIDC
17.     Kolhapur IT park     Kolhapur     MIDC
18.     Kharadi Knowledge park     Pune     MIDC
19.     Pune Infotech Park     Phase-II Hingewadi, Pune     MIDC
20.     Information Technology Park     Latur Industrial Area     MIDC
21.     Software Technology park     Solapur Industrial Area     MIDC
22.     Information Technology Park     Sangli City     MIDC
23.     Information Technology Park     Ahmednagar Industrial Area     MIDC
24.     Information Technology Park     Satara Industrial Area     MIDC
25.     Wagle Estate     Thane     MIDC
26.     Santacruz Electronics Export Processing Zone (SEEPZ)     MIDC, Andheri (East), Mumbai    
 

Friday, September 20, 2013

Construction Trade Shows 2013-2014

Construction Trade Shows 2013-2014

CONSTRUCT and the CSI Annual Convention

TAKES PLACE:

September 24-27, 2013

Music City Center, Nashville, Tennessee

The commercial building event for architects, specifiers, engineers, facility managers, building owners, CSI members, project managers, general contractors, designers and thousands of diverse commercial, institutional and industrial building team professionals. CONSTRUCT offers accredited education and unparalleled networking, as well as a full exhibit hall floor offering the latest products, technologies, services and practical, real-world, commercial building solutions for the team that specs and sources building products.

Registration Information:

Online registration available.

http://www.constructshow.com


Remodeling Show 2013

TAKES PLACE:

October 15-18, 2013

Lakeside Center – McCormick Place, Chicago, Illinois

The Remodeling Show is the only national remodeler-centric event bringing together the entire remodeling industry face-to-face annually. This event has expanded to represent all facets of the remodeling community – kitchen and bath; home improvement; aging-in-place; sustainable remodeling; plus all the tools and services that go into executing these types of projects.

Registration Information:

Online registration available.

http://www.remodelingshow.com


GHBA Product Expo

TAKES PLACE:

October 24, 2013

Sam Houston Race Park, Houston, Texas

Devoted to the construction industry, this Greater Houston Builders Association event brings in builders, remodelers and developers nationwide to learn about the latest building and remodeling products, services and technologies.

Registration Information:

Free to builders, remodelers and developers.

http://www.ghba.org/calendar.html#bf_calFrame_1171


Design-Build Conference & Expo

TAKES PLACE:

November 4-6, 2013

The Mirage, Las Vegas, Nevada

DBIA attendees are senior vice president levels or higher from the practitioner firms that comprise the design-build teams, plus senior directors and managers from owner and agency organizations that have capital project, operational, acquisition, contract and budget authority for non-bid construction projects.

Registration Information:

Online registration available.

Wednesday, September 18, 2013

Most people not aware of 'GREEN' buildings

Most people not aware of 'GREEN' buildings
Lack of awareness among buyers regarding ‘green’ buildings has given real estate developers in Ahmedabad a leeway to ignore consumers, claims a study done by 150 undergraduate students from the Faculty of Technology, CEPT University. On Saturday, as part of Engineers’ Day celebrations, FoT students undertook a techno-social study that was released by CEPT University Director Bimal Patel. The study was titled, ‘Impact and response of real estate developers and consumers towards green construction in Ahmedabad’.

Four ‘green’ buildings were taken up for the study and students also conducted a field survey of 300 people. The study concluded that 67 per cent people were not aware of ‘green’ buildings.

“Green buildings focus on striking a balance between controlling negative impact on environment and providing a comfortable habitat for occupants, and they are supposed to reduce operational cost of buildings,” said FoT student Parshva Shah.
Source:http://www.financialexpress.com/news/most-people-not-aware-of-green-buildings-cept-study/1169418

Most people not aware of 'GREEN' buildings

Most people not aware of 'GREEN' buildings
Lack of awareness among buyers regarding ‘green’ buildings has given real estate developers in Ahmedabad a leeway to ignore consumers, claims a study done by 150 undergraduate students from the Faculty of Technology, CEPT University. On Saturday, as part of Engineers’ Day celebrations, FoT students undertook a techno-social study that was released by CEPT University Director Bimal Patel. The study was titled, ‘Impact and response of real estate developers and consumers towards green construction in Ahmedabad’.

Four ‘green’ buildings were taken up for the study and students also conducted a field survey of 300 people. The study concluded that 67 per cent people were not aware of ‘green’ buildings.

“Green buildings focus on striking a balance between controlling negative impact on environment and providing a comfortable habitat for occupants, and they are supposed to reduce operational cost of buildings,” said FoT student Parshva Shah.
Source:http://www.financialexpress.com/news/most-people-not-aware-of-green-buildings-cept-study/1169418

Sunday, April 14, 2013

Yamuna Expressway Industrial Development Authority hikes land acquisition rates




GREATER NOIDA: To appease farmers, the Yamuna Expressway Industrial Development Authority (YEIDA) has hiked the compensation rate for land acquisition from Rs 1,093 per sqm to Rs 1,186 per sqm. The new rate, however, will be applicable only for land acquired on or after April 1. Officials said the hike has been implemented following farmers’ demands and increase in inflation rate.

The compensation rates for the remaining five districts under the Yamuna Expressway Development Authority have also been hiked by about 8.5%. Land under YEIDA falls in six districts – Gautam Budh Nagar, Aligarh, Bulandshahr, Mathura, Agra and Hathras – and compensation against land acquired in these districts has been hiked to Rs 1,186 per sqm, Rs 733 per sqm, Rs 1,186 per sqm, Rs 693 per sqm, Rs 745 per sqm and Rs 693 per sqm, respectively. The decision to implement the hike was approved by the Authority on Tuesday.

“The compensation offered to farmers in Yamuna Expressway area is the best amongst what is provided by other states. The annuity policy of UP government that provides rehabilitation benefits is also quite lucrative,” an official said.

http://timesofindia.indiatimes.com/city/noida/Yamuna-Expressway-Industrial-Development-Authority-hikes-land-acquisition-rates/articleshow/19485281.cms

Tuesday, March 26, 2013

Realtor’s claim false residents

Realtor’s claim false: residents


The apartment owner association (AOA) of Close North Apartments, Nirvana Country, has refuted their developer Unitech’s claim that the association is not registered.

On Sunday, AOA had decided to take over management of the complex due to alleged lapses in maintenance and security.

Following this, the developer’s spokesperson claimed that the Close North AOA was not registered and that “they have to follow the norms under the Haryana Apartments Ownership Act, 1983 to get maintenance and security of the condominium”.

The developer has misled people, AOA said. The body has documents to prove that the body was registered in 2007.

On March 12 this year, a new registration number was also allotted to AOA under the Haryana Regulation and Registration of the Societies Act, 2012.

http://www.hindustantimes.com/India-news/gurgaon/Realtor-s-claim-false-residents/Article1-1029627.aspx

Friday, March 22, 2013

Use eco-friendly means to line water bodies, greens urge water resources department



Use eco-friendly means to line water bodies, greens urge water resources department


MARGAO: The measures undertaken by the water resources department (WRD) of providing concrete lining to water bodies have come under the scanner of environmentalists who have demanded eco-friendly measures be adopted as an alternative.

At a meeting of representatives of various village groups and other concerned citizens in Margao recently, the participants pointed out that the use of concrete had destroyed the ecological balance of water bodies throughout the world, “causing great alarm” among environmentalists and the general public.

They took serious note of the fact that in the last twenty years or so, Goa’s river banks, ponds, traditional nullahs and other natural courses for water have been ‘strengthened’ with concrete, supposedly to prevent erosion and, in some cases ‘beautify’ the area.

“Tonnes of concrete continue to be poured into our sensitive water bodies and nullahs every day, choking all forms of life therein, and further polluting our precious water resources,” the participants at the meeting rued.

Environment lovers are of the view that the government should look at more environmentally-conscious ways of restoring water bodies, preserving and enhancing the prevailing environment, and more importantly, creating jobs for local craftsmen using readily available natural material.

“Just recently the department has launched lining of a nullah at a cost of 11 crore. Often tenders are out for huge sums of money. We all know that Goa is a high rainfall region and often there are intense spell of rains. The soil is well drained and hence water immediately percolates in the soil and slowly seeps in the gutters, nullahs and rivers. By concrete lining we are hampering the natural process. Secondly, concrete lining will not help any aquatic flora and fauna thrive which otherwise play an important role in keeping the water clean and unpolluted. Who benefits in this entire exercise is the contractor and maybe someone who gives the contract,” says Sachin Tendulkar, a farmer from Dabhal, near Sanvordem.

Tendulkar suggests the involvement of local farmers to carry out this work using traditional method, knowledge and techniques. “The best method is to use concepts of bio-engineering and line these embankment with laterite and rubble stone so that, over a period of time, the plants and vegetation grow on this embankment and make it strong, provide habitation for crabs, frogs, fishes, turtles, reptiles,” Tendulkar said.

http://timesofindia.indiatimes.com/city/goa/Use-eco-friendly-means-to-line-water-bodies-greens-urge-water-resources-department/articleshow/19027598.cms

Use eco-friendly means to line water bodies, greens urge water resources department



Use eco-friendly means to line water bodies, greens urge water resources department


MARGAO: The measures undertaken by the water resources department (WRD) of providing concrete lining to water bodies have come under the scanner of environmentalists who have demanded eco-friendly measures be adopted as an alternative.

At a meeting of representatives of various village groups and other concerned citizens in Margao recently, the participants pointed out that the use of concrete had destroyed the ecological balance of water bodies throughout the world, “causing great alarm” among environmentalists and the general public.

They took serious note of the fact that in the last twenty years or so, Goa’s river banks, ponds, traditional nullahs and other natural courses for water have been ‘strengthened’ with concrete, supposedly to prevent erosion and, in some cases ‘beautify’ the area.

“Tonnes of concrete continue to be poured into our sensitive water bodies and nullahs every day, choking all forms of life therein, and further polluting our precious water resources,” the participants at the meeting rued.

Environment lovers are of the view that the government should look at more environmentally-conscious ways of restoring water bodies, preserving and enhancing the prevailing environment, and more importantly, creating jobs for local craftsmen using readily available natural material.

“Just recently the department has launched lining of a nullah at a cost of 11 crore. Often tenders are out for huge sums of money. We all know that Goa is a high rainfall region and often there are intense spell of rains. The soil is well drained and hence water immediately percolates in the soil and slowly seeps in the gutters, nullahs and rivers. By concrete lining we are hampering the natural process. Secondly, concrete lining will not help any aquatic flora and fauna thrive which otherwise play an important role in keeping the water clean and unpolluted. Who benefits in this entire exercise is the contractor and maybe someone who gives the contract,” says Sachin Tendulkar, a farmer from Dabhal, near Sanvordem.

Tendulkar suggests the involvement of local farmers to carry out this work using traditional method, knowledge and techniques. “The best method is to use concepts of bio-engineering and line these embankment with laterite and rubble stone so that, over a period of time, the plants and vegetation grow on this embankment and make it strong, provide habitation for crabs, frogs, fishes, turtles, reptiles,” Tendulkar said.

http://timesofindia.indiatimes.com/city/goa/Use-eco-friendly-means-to-line-water-bodies-greens-urge-water-resources-department/articleshow/19027598.cms

Friday, March 8, 2013

EWS, infrastructure upgrade focus of DDA budget

The Delhi Development Authority passed its budget for the year 2013-14 on Tuesday. The budget concentrates on constructing housing for the economically weaker sections and upgrading infrastructure in the city.

Lieutenant-Governor Tejendra Khanna has asked the land agency to come up with a full monitoring chart giving targets, time lines and date of completion for all projects before its next meeting.

According to the budget, during the year 2013-14, a sum of Rs 3,029.41 crore is expected to be received from disposal of land and Rs 2,847.44 crore from the disposal of houses and shops.

Meanwhile, in the revised budget estimates for 2012-13, only a sum of Rs 715.06 crore will be received from disposal of residential, industrial, institutional and commercial land as against a budget estimate of Rs 2,211.83 crore.

“To meet the demand for residential, commercial and institutional land, development works have been taken up at Rohini, Dwarka, Narela, Jasola, Bakkarwala, Maidangarhi, Kirti Nagar, Paschim Viha and Alaknanda.

Expenditure in revised estimate 2012-13 has been assessed at Rs 2,156.37 crore, against provision of Rs 1,974.53 crore made in budget estimate 2012-13. During the next year in budget estimate 2013-14 a provision of Rs 2,543.05 crore has been made+        
 under this head,’’ a DDA official said.

DDA claimed that while at the beginning of the financial year 2012-13, 30,813 houses were in progress and 4,321 houses had already been put up for allotment by the housing wing. Around 4,855 EWS and 24,660 LIG flats were taken up for construction in Dwarka, Narela and Rohini and it is likely that these houses shall be awarded during the year 2013-14.

“Another 3,000 EWS houses in A-4 Kalkaji Extension, under in-situ development housing scheme, have been awarded and its construction is likely to commence in the year 2013-14,’’ a non-official DDA member Subhash Chopra said.

http://www.financialexpress.com/news/ews-infrastructure-upgrade-focus-of-dda-budget/1083593/0

EWS, infrastructure upgrade focus of DDA budget

The Delhi Development Authority passed its budget for the year 2013-14 on Tuesday. The budget concentrates on constructing housing for the economically weaker sections and upgrading infrastructure in the city.

Lieutenant-Governor Tejendra Khanna has asked the land agency to come up with a full monitoring chart giving targets, time lines and date of completion for all projects before its next meeting.

According to the budget, during the year 2013-14, a sum of Rs 3,029.41 crore is expected to be received from disposal of land and Rs 2,847.44 crore from the disposal of houses and shops.

Meanwhile, in the revised budget estimates for 2012-13, only a sum of Rs 715.06 crore will be received from disposal of residential, industrial, institutional and commercial land as against a budget estimate of Rs 2,211.83 crore.

“To meet the demand for residential, commercial and institutional land, development works have been taken up at Rohini, Dwarka, Narela, Jasola, Bakkarwala, Maidangarhi, Kirti Nagar, Paschim Viha and Alaknanda.

Expenditure in revised estimate 2012-13 has been assessed at Rs 2,156.37 crore, against provision of Rs 1,974.53 crore made in budget estimate 2012-13. During the next year in budget estimate 2013-14 a provision of Rs 2,543.05 crore has been made under this head,’’ a DDA official said.

DDA claimed that while at the beginning of the financial year 2012-13, 30,813 houses were in progress and 4,321 houses had already been put up for allotment by the housing wing. Around 4,855 EWS and 24,660 LIG flats were taken up for construction in Dwarka, Narela and Rohini and it is likely that these houses shall be awarded during the year 2013-14.

“Another 3,000 EWS houses in A-4 Kalkaji Extension, under in-situ development housing scheme, have been awarded and its construction is likely to commence in the year 2013-14,’’ a non-official DDA member Subhash Chopra said.

http://www.financialexpress.com/news/ews-infrastructure-upgrade-focus-of-dda-budget/1083593/0

EWS, infrastructure upgrade focus of DDA budget

The Delhi Development Authority passed its budget for the year 2013-14 on Tuesday. The budget concentrates on constructing housing for the economically weaker sections and upgrading infrastructure in the city.

Lieutenant-Governor Tejendra Khanna has asked the land agency to come up with a full monitoring chart giving targets, time lines and date of completion for all projects before its next meeting.

According to the budget, during the year 2013-14, a sum of Rs 3,029.41 crore is expected to be received from disposal of land and Rs 2,847.44 crore from the disposal of houses and shops.

Meanwhile, in the revised budget estimates for 2012-13, only a sum of Rs 715.06 crore will be received from disposal of residential, industrial, institutional and commercial land as against a budget estimate of Rs 2,211.83 crore.

“To meet the demand for residential, commercial and institutional land, development works have been taken up at Rohini, Dwarka, Narela, Jasola, Bakkarwala, Maidangarhi, Kirti Nagar, Paschim Viha and Alaknanda.

Expenditure in revised estimate 2012-13 has been assessed at Rs 2,156.37 crore, against provision of Rs 1,974.53 crore made in budget estimate 2012-13. During the next year in budget estimate 2013-14 a provision of Rs 2,543.05 crore has been made under this head,’’ a DDA official said.

DDA claimed that while at the beginning of the financial year 2012-13, 30,813 houses were in progress and 4,321 houses had already been put up for allotment by the housing wing. Around 4,855 EWS and 24,660 LIG flats were taken up for construction in Dwarka, Narela and Rohini and it is likely that these houses shall be awarded during the year 2013-14.

“Another 3,000 EWS houses in A-4 Kalkaji Extension, under in-situ development housing scheme, have been awarded and its construction is likely to commence in the year 2013-14,’’ a non-official DDA member Subhash Chopra said.

http://www.financialexpress.com/news/ews-infrastructure-upgrade-focus-of-dda-budget/1083593/0

EWS, infrastructure upgrade focus of DDA budget

The Delhi Development Authority passed its budget for the year 2013-14 on Tuesday. The budget concentrates on constructing housing for the economically weaker sections and upgrading infrastructure in the city.

Lieutenant-Governor Tejendra Khanna has asked the land agency to come up with a full monitoring chart giving targets, time lines and date of completion for all projects before its next meeting.

According to the budget, during the year 2013-14, a sum of Rs 3,029.41 crore is expected to be received from disposal of land and Rs 2,847.44 crore from the disposal of houses and shops.

Meanwhile, in the revised budget estimates for 2012-13, only a sum of Rs 715.06 crore will be received from disposal of residential, industrial, institutional and commercial land as against a budget estimate of Rs 2,211.83 crore.

“To meet the demand for residential, commercial and institutional land, development works have been taken up at Rohini, Dwarka, Narela, Jasola, Bakkarwala, Maidangarhi, Kirti Nagar, Paschim Viha and Alaknanda.

Expenditure in revised estimate 2012-13 has been assessed at Rs 2,156.37 crore, against provision of Rs 1,974.53 crore made in budget estimate 2012-13. During the next year in budget estimate 2013-14 a provision of Rs 2,543.05 crore has been made under this head,’’ a DDA official said.

DDA claimed that while at the beginning of the financial year 2012-13, 30,813 houses were in progress and 4,321 houses had already been put up for allotment by the housing wing. Around 4,855 EWS and 24,660 LIG flats were taken up for construction in Dwarka, Narela and Rohini and it is likely that these houses shall be awarded during the year 2013-14.

“Another 3,000 EWS houses in A-4 Kalkaji Extension, under in-situ development housing scheme, have been awarded and its construction is likely to commence in the year 2013-14,’’ a non-official DDA member Subhash Chopra said.

http://www.financialexpress.com/news/ews-infrastructure-upgrade-focus-of-dda-budget/1083593/0

Friday, March 1, 2013

Four - lane road - cum - metro track may be delayed

JAIPUR: As the Delhi Metro Rail Corporation’s (DMRC) focus shifts to only run the Metro train by the deadline of June 30, the construction of proposed four-lane elevated road-cum-metro track project on Ajmer Road might miss the deadline.

The DMRC is constructing double-storey elevated road and Metro track project for the first time in the country. The construction of elevated road was proposed to ease traffic flow from Ajmer to Jaipur and vice-versa as the scope for widening the roads in the area is less. Similarly, the Bus Rapid Transit System (BRTS) project on the route is expected to be 10 months late.

An official explained that on ground, normal traffic will flow; on the first level, four-lane elevated road is being constructed for smooth flow of traffic on the highway to Ajmer; and on second, Metro track will be built.

Sources in the department claimed, “On Ajmer Road it was expected that the train and traffic will be open for public together. However, as the civil construction of Metro corridor is delayed by six months the focus is just to run the train first and elevated road will be constructed afterwards. “He added, “Majority of four-lane elevated track has been completed, it will be operational three months after the train.”

However, a JDA official explained that the BRTS project will take at least 10 months to start after the Jaipur Metro is operational. “The work of dedicated BRTS corridor can only be started in June as both the projects cannot be carried out simultaneously. The work is done at height and possibilities of accidents arise if work is initiated beneath it.”

The length of elevated road towards Ajmer will be 2.95 km and 4.63 km from Ajmer side to Jaipur. The Metro will run from Sodala to Civil Lines on the second level and it will have a length of 1.6 km, explained the official.

The civil construction work of 9.25 km of Jaipur Metro corridor (Mansarovar to Chandpole) remains a challenge for DMRC as it has to complete the entire civil construction by June 2013, the deadline for the project.

Sources in the department claimed that the DMRC now plans to complete the civil construction work of the elevated track from Mansarovar to the railway station. The decision has been taken as the state government is eyeing the Metro project to secure vote in the next state assembly elections.

On the other hand, in another step closer to completion of Jaipur Metro project, the DMRC has applied to the Research Designs and Standards Organisation (RDSO), a research body of the ministry of railways, to carry out inspections (trial runs) of the project in April or May this year.

Eom

Jaipur: As the Delhi Metro Rail Corporation (DMRC) focus shifts only to run the Metro train on deadline, June 30 the construction of proposed four-lane elevated road-cum-metro track project on Ajmer road might miss the deadline.

The DMRC is constructing double-storied elevated road and metro track project for the first time in the country. The construction of elevated road was proposed to ease traffic flow from Ajmer to Jaipur and vice-versa as the scope for widening the roads in the area is less. Similarly, the Bus Rapid Transit System (BRTS) project on the route is expected to be 10 months late.

An official explained, on ground, normal traffic will flow; on the first level, four-lane elevated road is being constructed for smooth flow of traffic on the highway to Ajmer; and on second, metro track will be built.

Sources in the department claimed, “On Ajmer road it was expected that the train and traffic will be open for public together. However, as the civil construction of Metro corridor is delayed by six months the focus is just to run the train first and elevated road will be constructed afterwards. “He added, “Majority of four-lane elevated track has been completed, it will operational three months after the train.”

However, a JDA official explained, the BRTS project will take atleast 10 months to be started after the Jaipur metro is operational. “The work of dedicated BRTS corridor can only be started in June as both the project cannot be carried out simultaneously. The work is done at height and possibilities of accidents arise if work is initiated beneath it.”

The length of elevated road towards Ajmer will be 2.95 kilometres (km) and 4.63 km from Ajmer side to Jaipur. Metro will run from Sodala to Civil lines on the second level and it will have a length of 1.6 km, explained official

The civil construction work of 9.25 km Jaipur Metro corridor (Mansarovar to Chandpole) remains a challenge for DMRC to complete the entire civil construction by June 2013, the deadline for the project.

Sources in the department claimed that the DMRC now plans to complete the civil construction work of the elevated track from Mansarovar to the railway station. The decision has been taken as the state government is eyeing at the Metro project to secure vote in next state assembly elections

On the other hand, in another step closer to completion of Jaipur Metro project, the Delhi Metro Rail Corporation (DMRC) has applied with the Research Designs and Standards Organisation (RDSO), a research body of the ministry of railways, to carry out inspections (trial runs) of the project in April or May this year.

http://timesofindia.indiatimes.com/city/jaipur/Four-lane-road-cum-metro-track-may-be-delayed/articleshow/18702246.cms

Mixed reaction to budget from realtors,home buyers

From ‘encouraging’ to ‘could have been better’ to ‘nothing for us’, Thursday’s Union Budget evoked varying responses from home buyers, realtors and builders in Hyderabad.

Since home buying has started picking up in the city after a prolonged lull, builders feel that impetus in form of more relief could have helped. But the provision of an additional deduction of interest of up to Rs.1 lakh for home loans has been welcomed by many. This is offered for first time home loans up to Rs.25 lakh.

“Increasing the deduction from Rs.1.50 lakh to Rs.2.50 lakh is definitely a welcome move. Though not a big amount, it will act as a psychological spur for the middle class aspiring to acquire a home,” opines P. Prem Kumar, president, A.P. Real Estate Developers Association (APREDA).

For the real estate in Hyderabad, even such smaller incentives could add up. Some in the construction industry feel that with property prices being lowest here in the city, this small incremental advantage could come to help them.

Mitesh Surendra Kulkarni, vice-president & business head, Mantri Developers, describes the additional deduction as a positive step. “It will lead to a multiplier effect and I am sure will enthuse prospective buyers,” he says.

The enhanced deduction of interest is also seen as a welcome step by some prospective home buyers. “When applying for home loan, each rupee counts. Today’s announcement of an additional Rs.1 lakh exemption is a good development,” says P. Sai Kumar Goud, a travel agent.

M. Muralidhar Rao, a private employee who is planning to apply for a home loan, shares the sentiment. “I am dreading the financial burden and this additional deduction surely offers some relief to me,” he says.

Bankers on their part feel that the exemption could encourage people to apply for housing loans. “Many people take loans to claim tax exemption and this increased limit could translate into more loan-seekers,” points out a senior executive form a leading private sector bank.

However, there are voices that sound disappointed with the budget. “It could have been much better. I wished for some real incentives for the real estate, but can understand the constraints that the Finance Minister had on his side of the table,” says S. Pochender, CEO of Lanco Hills.

D.S. Prasad, Director, Aparna Constructions, feels that the present offering does help buyers a bit though much more was expected. “The end-user would have been more benefited if the issue of high taxation was addressed,” he quips.

Real estate was given a cold shoulder yet again, argues D. Sreedhar Reddy, immediate past-president, National Association of Realtors-India. “There is nothing for the real estate sector in the budget. It has been neglected and the demand for an industry status has been ignored,” he argues.

For C. Sekhar Reddy, vice-president, Confederation of Real Estate Developers’ Association of India (CREDAI), the budget has been a big letdown. Even the recommendations of Housing Ministry on affordable housing were ignored, he says and adds, “We were expecting a lot, including infrastructure status for affordable housing projects and exemptions in taxation for them. But none has happened”.

Source: The Hindu Publish: 28-February-2013

Saturday, February 16, 2013

List of Real Estate Exhibition and Event

The 20th Moscow International Property Show

The 20th Moscow International Property Show

The World of Overseas property will return to Moscow for the 20th Moscow International Property Show on 12-13 April 2013.

Firmly established as the leading event in Russia for the overseas property market, the Moscow International Property Show will again attract more than 7,000 targeted visitors to meet with 200+ International Property Participants.

Conveniently held in the centrally located Tishinka exhibition centre, the Moscow International Property Show is the premier event for the booming overseas property market in Russia.

Address: Moscow, Tishinskaya sq., 1, building 1, map.

12 April — 12:00 – 19:00 and 13 April — 11:00 – 19:00

Sumo Global Australia  [February 16, 2013 - February 17, 2013]
Residential Property
Novotel Parramatta > Sydney > Australia


Ideal Living Resort and Retirement Expo Greater Washington DC
RPI Media  [February 16, 2013 - February 17, 2013]
Ritz-Carlton Tysons Corner >
McLean
USA


Ideal Living Resort and Retirement Expo Greater Pittsburgh
RPI Media  [February 23, 2013 - February 24, 2013]
Pittsburgh Marriott North
Cranberry Township
 USA

Ideal Living Resort and Retirement Expo Greenwich Connecticut
RPI Media  [February 9, 2013 - February 10, 2013]
Hyatt Regency Greenwich
 Old Greenwich
 USA

Times Property Expo - Noida
Asian Business Exhibitions and Conferences (ABEC)  [February 8, 2013 - February 10, 2013]
Commercial Property, Residential Property
Noida Exhibition Center
Noida
 India
Bulgarian Home Exhibition
Aigroup  [February 8, 2013 - February 9, 2013]
T-Modul Exhibition Hall
 Moscow
 Russia

Times Property Expo - Mumbai
Asian Business Exhibitions and Conferences (ABEC)  [March 1, 2013 - March 3, 2013]
Commercial Property, Residential Property
Hotel Taj President
 Mumbai
India


Cityscape Jeddah
National Exhibitions  [March 2, 2013 - March 4, 2013]
Jeddah Centre for Forums and Events
Jeddah
Saudi Arabia


Ideal Living Resort and Retirement Expo Bridgewater
RPI Media  [March 2, 2013 - March 3, 2013]
Home
Bridgewater Marriott
Bridgewater
 USA


Forinvest
Feria Valencia  [March 6, 2013 - March 8, 2013]
Feria Valencia
Valencia
Spain


Times Property Expo - Bangalore
Asian Business Exhibitions and Conferences (ABEC)  [March 9, 2013 - March 10, 2013]
Commercial Property, Residential Property
Hotel Lalit Ashok
 Bangalore
India

 

Real estate exhibition

The 20th Moscow International Property Show

The 20th Moscow International Property Show

The World of Overseas property will return to Moscow for the 20th Moscow International Property Show on 12-13 April 2013.

Firmly established as the leading event in Russia for the overseas property market, the Moscow International Property Show will again attract more than 7,000 targeted visitors to meet with 200+ International Property Participants.

Conveniently held in the centrally located Tishinka exhibition centre, the Moscow International Property Show is the premier event for the booming overseas property market in Russia.

Address: Moscow, Tishinskaya sq., 1, building 1, map.

12 April — 12:00 – 19:00 and 13 April — 11:00 – 19:00

Sumo Global Australia  [February 16, 2013 - February 17, 2013]
Residential Property
Novotel Parramatta > Sydney > Australia


Ideal Living Resort and Retirement Expo Greater Washington DC
RPI Media  [February 16, 2013 - February 17, 2013]
Ritz-Carlton Tysons Corner >
McLean
USA


Ideal Living Resort and Retirement Expo Greater Pittsburgh
RPI Media  [February 23, 2013 - February 24, 2013]
Pittsburgh Marriott North
Cranberry Township
 USA

Ideal Living Resort and Retirement Expo Greenwich Connecticut
RPI Media  [February 9, 2013 - February 10, 2013]
Hyatt Regency Greenwich
 Old Greenwich
 USA

Times Property Expo - Noida
Asian Business Exhibitions and Conferences (ABEC)  [February 8, 2013 - February 10, 2013]
Commercial Property, Residential Property
Noida Exhibition Center
Noida
 India
Bulgarian Home Exhibition
Aigroup  [February 8, 2013 - February 9, 2013]
T-Modul Exhibition Hall
 Moscow
 Russia

Times Property Expo - Mumbai
Asian Business Exhibitions and Conferences (ABEC)  [March 1, 2013 - March 3, 2013]
Commercial Property, Residential Property
Hotel Taj President
 Mumbai
India


Cityscape Jeddah
National Exhibitions  [March 2, 2013 - March 4, 2013]
Jeddah Centre for Forums and Events
Jeddah
Saudi Arabia


Ideal Living Resort and Retirement Expo Bridgewater
RPI Media  [March 2, 2013 - March 3, 2013]
Home
Bridgewater Marriott
Bridgewater
 USA


Forinvest
Feria Valencia  [March 6, 2013 - March 8, 2013]
Feria Valencia
Valencia
Spain


Times Property Expo - Bangalore
Asian Business Exhibitions and Conferences (ABEC)  [March 9, 2013 - March 10, 2013]
Commercial Property, Residential Property
Hotel Lalit Ashok
 Bangalore
India

 

Tuesday, February 12, 2013

Japanese firm ‘Kajima’ to design ‘New Japan’ township for Gujarat

Admiring Japanese punctuality, Gujarat minister for Energy and Tourism Saurabh Patel today said he has worked with many companies that clarity that Japanese firms have is just excellent.

Saurabh Patel gave an example of Maruti Suzuki and said, “other companies discuss for exemptions and benefits from the government even after confirmation of their investment, but Maruti Suzuki once confirmed the site in Gujarat for its car manufacturing plant, never ever said even for once that what the state would offer them in return.”

“Such a level of confidence in the state government can be found only in a Japanese company,” Patel who was Industry minister when Maruti Suzuki took decision to set up plant in Gujarat said in an inaugural function of Jaykrishna Harivallabhdas AMA centre for Indo-Japanese Relations in Ahmedabad on Monday.

Saurabh Patel talked about major projects coming up in Gujarat in partnership with Japan. He said, “today we think big, and therefore we we have this Dholera project which is planned over 900 sq km land. It will be the biggest industrial, residential, entertainment zone where in next twenty years, two million people will be living.”

Minister Patel also talked about Rs 200 crore desalination plant in Dahej with capacity to process 17 million gallon water per day. He also spoke about Delhi-Mumbai corridor and Bechraji township project.

On Bechraji township project he said, “Maruti Suzuki is going to set up a car manufacturing plant in Bechraji. We are planning a Japanese township in cooperation with Japan in Bechraji belt. We have given a map to Japanese company Kajima to suggest a potential area for the development of a New Japan.”

Saurabh Patel showed government’s willingness to promote Japanese language in Gujarat and offered all help from the state government to a new Centre established on Indo-Japanese Relations.

http://deshgujarat.com/2013/02/12/japanese-firm-kajima-to-design-new-japan-township-for-gujarat/

Friday, February 8, 2013

Property tax

To make sure that every piece of property in Ludhiana is mapped and that their owners pay property tax after it is levied from April 1, the Ludhiana Municipal Corporation started physical verification every building in the city on Wednesday. The process is the second step after satellite mapping was completed by Punjab Remote Sensing Centre (PRSC), Punjab Agricultural University, to ensure that not a single building or plot is missed.

The civic body has given the contract for physical verification to PRSC and has given it 60 days to complete the process and obtain required information.

To assess property tax, the city has been divided into eight zones and each zone will have a different unit value depending on the committee headed by DC, which will fix the values.

The remote sensing centre is also allotting unique identification number to each property in the city and once the property comes under ambit of property tax, house tax will be automatically abolished.

P S Ghuman, joint commissioner, talking to Newsline, said, “Remote sensing centre members have already started physical verification on Wednesday from block numbers 26 (Feroze gandhi market, Lajpat Nagar, New Lajpat Nagar and adjoining areas) and 36 (Shaheed Bhagat Singh Nagar and adjoining areas). Residents are being asked information like name of owner, full address, water ID, how old is building, rent and others and this information will not be used only in process of property tax assessment but also in other new schemes of MC. Physical verification is one of the components of mapping the whole city.”

“Remote sensing is a secret process and MC will get the collective data after every one week of house visits, ” said Ghuman adding that ‘target is to complete process in 60 days’.

http://www.indianexpress.com/news/property-tax-physical-verification-of-plots-begin/1070408/0

Property tax

To make sure that every piece of property in Ludhiana is mapped and that their owners pay property tax after it is levied from April 1, the Ludhiana Municipal Corporation started physical verification every building in the city on Wednesday. The process is the second step after satellite mapping was completed by Punjab Remote Sensing Centre (PRSC), Punjab Agricultural University, to ensure that not a single building or plot is missed.

The civic body has given the contract for physical verification to PRSC and has given it 60 days to complete the process and obtain required information.

To assess property tax, the city has been divided into eight zones and each zone will have a different unit value depending on the committee headed by DC, which will fix the values.

The remote sensing centre is also allotting unique identification number to each property in the city and once the property comes under ambit of property tax, house tax will be automatically abolished.

P S Ghuman, joint commissioner, talking to Newsline, said, “Remote sensing centre members have already started physical verification on Wednesday from block numbers 26 (Feroze gandhi market, Lajpat Nagar, New Lajpat Nagar and adjoining areas) and 36 (Shaheed Bhagat Singh Nagar and adjoining areas). Residents are being asked information like name of owner, full address, water ID, how old is building, rent and others and this information will not be used only in process of property tax assessment but also in other new schemes of MC. Physical verification is one of the components of mapping the whole city.”

“Remote sensing is a secret process and MC will get the collective data after every one week of house visits, ” said Ghuman adding that ‘target is to complete process in 60 days’.

http://www.indianexpress.com/news/property-tax-physical-verification-of-plots-begin/1070408/0

Property tax

To make sure that every piece of property in Ludhiana is mapped and that their owners pay property tax after it is levied from April 1, the Ludhiana Municipal Corporation started physical verification every building in the city on Wednesday. The process is the second step after satellite mapping was completed by Punjab Remote Sensing Centre (PRSC), Punjab Agricultural University, to ensure that not a single building or plot is missed.

The civic body has given the contract for physical verification to PRSC and has given it 60 days to complete the process and obtain required information.

To assess property tax, the city has been divided into eight zones and each zone will have a different unit value depending on the committee headed by DC, which will fix the values.

The remote sensing centre is also allotting unique identification number to each property in the city and once the property comes under ambit of property tax, house tax will be automatically abolished.

P S Ghuman, joint commissioner, talking to Newsline, said, “Remote sensing centre members have already started physical verification on Wednesday from block numbers 26 (Feroze gandhi market, Lajpat Nagar, New Lajpat Nagar and adjoining areas) and 36 (Shaheed Bhagat Singh Nagar and adjoining areas). Residents are being asked information like name of owner, full address, water ID, how old is building, rent and others and this information will not be used only in process of property tax assessment but also in other new schemes of MC. Physical verification is one of the components of mapping the whole city.”

“Remote sensing is a secret process and MC will get the collective data after every one week of house visits, ” said Ghuman adding that ‘target is to complete process in 60 days’.

http://www.indianexpress.com/news/property-tax-physical-verification-of-plots-begin/1070408/0

Property tax

To make sure that every piece of property in Ludhiana is mapped and that their owners pay property tax after it is levied from April 1, the Ludhiana Municipal Corporation started physical verification every building in the city on Wednesday. The process is the second step after satellite mapping was completed by Punjab Remote Sensing Centre (PRSC), Punjab Agricultural University, to ensure that not a single building or plot is missed.

The civic body has given the contract for physical verification to PRSC and has given it 60 days to complete the process and obtain required information.

To assess property tax, the city has been divided into eight zones and each zone will have a different unit value depending on the committee headed by DC, which will fix the values.

The remote sensing centre is also allotting unique identification number to each property in the city and once the property comes under ambit of property tax, house tax will be automatically abolished.

P S Ghuman, joint commissioner, talking to Newsline, said, “Remote sensing centre members have already started physical verification on Wednesday from block numbers 26 (Feroze gandhi market, Lajpat Nagar, New Lajpat Nagar and adjoining areas) and 36 (Shaheed Bhagat Singh Nagar and adjoining areas). Residents are being asked information like name of owner, full address, water ID, how old is building, rent and others and this information will not be used only in process of property tax assessment but also in other new schemes of MC. Physical verification is one of the components of mapping the whole city.”

“Remote sensing is a secret process and MC will get the collective data after every one week of house visits, ” said Ghuman adding that ‘target is to complete process in 60 days’.

http://www.indianexpress.com/news/property-tax-physical-verification-of-plots-begin/1070408/0

Property tax

To make sure that every piece of property in Ludhiana is mapped and that their owners pay property tax after it is levied from April 1, the Ludhiana Municipal Corporation started physical verification every building in the city on Wednesday. The process is the second step after satellite mapping was completed by Punjab Remote Sensing Centre (PRSC), Punjab Agricultural University, to ensure that not a single building or plot is missed.

The civic body has given the contract for physical verification to PRSC and has given it 60 days to complete the process and obtain required information.

To assess property tax, the city has been divided into eight zones and each zone will have a different unit value depending on the committee headed by DC, which will fix the values.

The remote sensing centre is also allotting unique identification number to each property in the city and once the property comes under ambit of property tax, house tax will be automatically abolished.

P S Ghuman, joint commissioner, talking to Newsline, said, “Remote sensing centre members have already started physical verification on Wednesday from block numbers 26 (Feroze gandhi market, Lajpat Nagar, New Lajpat Nagar and adjoining areas) and 36 (Shaheed Bhagat Singh Nagar and adjoining areas). Residents are being asked information like name of owner, full address, water ID, how old is building, rent and others and this information will not be used only in process of property tax assessment but also in other new schemes of MC. Physical verification is one of the components of mapping the whole city.”

“Remote sensing is a secret process and MC will get the collective data after every one week of house visits, ” said Ghuman adding that ‘target is to complete process in 60 days’.

http://www.indianexpress.com/news/property-tax-physical-verification-of-plots-begin/1070408/0

Property tax

To make sure that every piece of property in Ludhiana is mapped and that their owners pay property tax after it is levied from April 1, the Ludhiana Municipal Corporation started physical verification every building in the city on Wednesday. The process is the second step after satellite mapping was completed by Punjab Remote Sensing Centre (PRSC), Punjab Agricultural University, to ensure that not a single building or plot is missed.

The civic body has given the contract for physical verification to PRSC and has given it 60 days to complete the process and obtain required information.

To assess property tax, the city has been divided into eight zones and each zone will have a different unit value depending on the committee headed by DC, which will fix the values.

The remote sensing centre is also allotting unique identification number to each property in the city and once the property comes under ambit of property tax, house tax will be automatically abolished.

P S Ghuman, joint commissioner, talking to Newsline, said, “Remote sensing centre members have already started physical verification on Wednesday from block numbers 26 (Feroze gandhi market, Lajpat Nagar, New Lajpat Nagar and adjoining areas) and 36 (Shaheed Bhagat Singh Nagar and adjoining areas). Residents are being asked information like name of owner, full address, water ID, how old is building, rent and others and this information will not be used only in process of property tax assessment but also in other new schemes of MC. Physical verification is one of the components of mapping the whole city.”

“Remote sensing is a secret process and MC will get the collective data after every one week of house visits, ” said Ghuman adding that ‘target is to complete process in 60 days’.

http://www.indianexpress.com/news/property-tax-physical-verification-of-plots-begin/1070408/0

Property tax

To make sure that every piece of property in Ludhiana is mapped and that their owners pay property tax after it is levied from April 1, the Ludhiana Municipal Corporation started physical verification every building in the city on Wednesday. The process is the second step after satellite mapping was completed by Punjab Remote Sensing Centre (PRSC), Punjab Agricultural University, to ensure that not a single building or plot is missed.

The civic body has given the contract for physical verification to PRSC and has given it 60 days to complete the process and obtain required information.

To assess property tax, the city has been divided into eight zones and each zone will have a different unit value depending on the committee headed by DC, which will fix the values.

The remote sensing centre is also allotting unique identification number to each property in the city and once the property comes under ambit of property tax, house tax will be automatically abolished.

P S Ghuman, joint commissioner, talking to Newsline, said, “Remote sensing centre members have already started physical verification on Wednesday from block numbers 26 (Feroze gandhi market, Lajpat Nagar, New Lajpat Nagar and adjoining areas) and 36 (Shaheed Bhagat Singh Nagar and adjoining areas). Residents are being asked information like name of owner, full address, water ID, how old is building, rent and others and this information will not be used only in process of property tax assessment but also in other new schemes of MC. Physical verification is one of the components of mapping the whole city.”

“Remote sensing is a secret process and MC will get the collective data after every one week of house visits, ” said Ghuman adding that ‘target is to complete process in 60 days’.

http://www.indianexpress.com/news/property-tax-physical-verification-of-plots-begin/1070408/0

Monday, January 28, 2013

App Delhi NCR Plants to bread realty brokers with strong ethical and moral values

GURGAON: While buying a home, brokers play a vital role in making the entire process smooth, however, in the booming real estate market of Delhi-NCR, most consumers complain of being misinformed or cheated by real estate agents. One of the major reasons for this lack of professionalism among real estate agents is the lack of adequate regulations/certifying bodies for the industry.

Filling this gap in the Delhi-NCR property market is Association of Property Professionals Delhi-NCR (APP Delhi-NCR), which besides membership, offers various entry level and advanced courses for real estate agents to elevate the standards of practice of the realty brokerage business.

“There is no structured association, no entry level platform barrier and no licensing for real estate agents in India leave aside NCR. We are working towards building that structure,” said Samir Chopra, president APP Delhi-NCR. He is also the chairman and founder of Remax India, one of the first international property consultants to bring the real estate franchising model in India. APP Delhi-NCR is the Delhi-NCR arm of National Association of Realtors, India (NAR India). NAR India is a registered non-profit society under the Societies Registration Act of India and represents NAR US in India.

“Half of the property brokers do not know anything about the industry. The broker usually sells the product on which he/she gets the maximum commission. It has been over 50 years of negligence for customers, when it comes to real estate brokers. We are the new age brokers, the catalyst for changing the image of the usual real estate broker into smart, unbiased, smart and suave real estate agents, who believe in customer delight,” he further added.

Chopra says there are good brokers and bad brokers but the consumers need to rely on people, who are willing to educate themselves, upgrade their skills and personality. Besides offering a membership, APP offers certain courses for real estate agents. “We teach them the customer centric approach. Earning money is fine but repeat customers matter more. It is not the commission but the benefit that the customer gets, will build customer relations for life and refer you to other people,” he explained.

While the building materials, construction equipment, finance and builder segment of the industry have fairly improved their business ethics and practices and a reasonably good degree of professionalism has come about, the transaction processes continue to remain by and large backward and in need of an urgent reform. As per Chopra’s estimates there are around 1.5 lakh real estate agents and 75,000 to 80,000 real estate brokerage firms in Delhi-NCR, out of which 30-35 per cent are not worth doing business with.

“We don’t force people to join us as members. They can choose to just upgrade themselves also with the courses and then decide about being our members,” added Chopra. The cost of various courses at APP varies from 500- 25,000 depending on the course and the faculty.

Gaurav Luthra, owner of Gurgaon-based Foots and Yards real estate consultants recently took an Accredited Buyer’s Representative (ABR) course from APP. “The course was an eye opener for me in terms of aspects about the real estate agents relationship with the buyer, which I did not notice so far besides teaching us how to market ourselves and safeguard the customer’s interest as well,” he said.

“The course guided me on real estate agents’ proper conduct with the buyer, which is very essential to build a rapport with the customer and change their mindset about our industry. The courses also help in networking with other brokers from other cities. All this was something that was missing in the industry so far,” he added.

After joining APP, a real estate agent goes through an entrance test and certain other professional courses. “We don’t get everyone to join us. We do a thorough check up of his customer behaviour, marketing and professional skills and code of conduct among various other aspects,” said Chopra.

APP also has a basic certification course, which is not mandatory but strongly recommended. “The association is all about credit, ethics, moral values and the fear of losing a job if you do a professional misconduct, a barrier, which was not there till now. We provide a guarantee that, whoever misuses or misrepresents to a customer he/she would be debarred from the association,” he added.

Talking about aspects, which a customer should keep in mind before going for a particular real estate agent, Chopra said, “First and foremost check the credentials of the agent and ask him to give you at least testimonials of three people he has worked with. Check his marketing collaterals and documents, knowledge of the market and the product he is selling.

And last but not the least, pay him his full commission because if you reduce his commission, it will be a breach of agreement. One should understand that they are selling the service and not vegetables, so it is very important for the buyers and sellers to be totally honest to each other.”

http://articles.economictimes.indiatimes.com/2012-12-28/news/36036568_1_real-estate-brokers-nar-india

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