"Indiabulls Real Estate announced that the High Court of Delhi has sanctioned the scheme of amalgamation of Indiabulls Power Services (IPSL) with Sophia Power" - ravi karandeekar
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"With the rupee depreciation with the dollar, Omaxe and other property developers in India plan to target the NRI buyers. NRIs can get a good deal now because of the recent depreciation of the rupees against the dollar. This would benefit NRI purchase around 20 percent. Property investment in India at this time could be a good deal. Prices have declined by 15 to 20 percent in last few weeks." - ravi karandeekar
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"DLF Ltd. and Unitech Ltd., India’s two largest property developers, were downgraded by Merrill Lynch & Co. on concern that sales will slow and prices will decline as the nation’s economic growth falters." - ravi karandeekar
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"Senior Town and Country Planning officials maintain the government had to introduce the hike because of the steep appreciation in infrastructure costs. “The costs of laying infrastructure have gone up,” Town and Country Planning Director, Mr SS Dhillon said." - ravi karandeekar
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Today, I went to Nanded City Pune to find answers to your questions posted on my last post - Confirmation process starts at Nanded City Pune. But instead of answers, i got a question, "How many cancellations happened at Blue Ridge?"
"I don't know. I was at Blue Ridge day before yesterday but i did not ask this question." i told the sales executive.
"No need to ask. All Pune knows that more than 700 cancellations had happened", he said - ravi karandeekar
"Thanks to all, for sharing tips and taking part in the conversation! Your views have helped many to see the things clearly when there was no communication from the builder and circumstances were uncertain. Confusion Ends or Begins?"" - ravi karandeekar
""You said it right. At the beginning of Magarpatta City project , there were no takers for the project and the concept. People had discounted it as a sure flop. Ultimately in the long term it turned out to be a grand success. I think Nanded city is in a similar situation today. Those who cannot visualize it's long term glory, and cancel the booking today, are sure to repent later."" - ravi karandeekar
"Genuine buyers are not able to buy new homes beacause of the high property rate, not because of high interest rate. So all real estate agents, builders, marketeers please be sure that people will start buying the homes only after 50% correction in prices" - ravi karandeekar
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"According to Niranjan Hiranandani, MD, Hiranandani Constructions, “Offers don’t get you more bookings or help you overcome a sluggish market as buyers don’t change their decision due to discounts." - ravi karandeekar
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"Marvel Realtors, pioneers in developing automated super luxury homes that combine the glamour and utility at the same time, has announced the launch of its latest offering, Marvel Isola. The project comprises of only 8 buildings of 22 storeys in 15 acres of land, with large green spaces between the buildings to ensure privacy and free flow of winds and spaces. The project consists of 3BHK and 4BHK apartments and will be artistically developed with water bodies and landscaping through the entire property" - ravi karandeekar
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"At a recent meeting of the Maharashtra Chamber of Housing Industry (MCHI), a body of builders, proposals were mooted that developers should bear stamp duty, registration and floor rise charges. Also, it was advocated that builders should take upon themselves a part of the interest cost in the initial years to kick-start home buying. In other parts of the country as well, developers are moving towards building cheaper houses. A large number of developers are offering houses for the middle class at Rs 25-35 lakh. However, property experts believe that buyers will not be too enthused with just sops if the rates do not go down. “Given that property rates have really shot up, unless there is a fall in the per square feet rate of flats, it is unlikely that buyers will come in,” said a banker." - ravi karandeekar
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"Here is what else I found out from Mont vert Seville site office yesterday...
One..they do not bargain on price
but will give 2 lacs off if LCD TV etc offer is not taken.
two.. They are not insisting on full payment and no discount even if full payment is given.
three.. they will honor PBAP 1.75% off on interest for upto max 2 years even with LCD offer." - ravi karandeekar
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"Ishaan Real Estate Plc. said its full-year adjusted net asset value rose significantly, reflecting the development of its assets and leasing, although reported NAV declined because of difficult global market conditions and inflationary cost pressure." - ravi karandeekar
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"Year 2008 has already seen some setbacks in land prices across Mumbai, Pune, Bangalore, Chennai and Gurgaon. Most agree that land rates across cities are coming down and deal volumes have decreased. “There has been a visible downward trend in land auctions that started beginning of this year,” says Anuj Puri, chairman and country head, Jones Lang Lasalle (JLL)." - ravi karandeekar
"Narasinh Lagad and Samir Jadhavrao's eyes are gleaming with hope. They are paying a visit to relatives at the nearby Magarpatta township, which was just farmlands for seven years.
Today, those sugarcane fields have given way to shiny glass buildings, row houses, bungalows and landscaped gardens complete with well laid out roads. The inhabitants have since given up farming and now run businesses.
And the former farmers now drive fancy cars. Lagad and Jadhavrao's family are among 150 others in the Nanded village near Khadakvasala in the outskirts of Pune, who have signed away 700 acres of ancestral land for development. They too hope to run businesses and drive gleaming new cars.
They are not alone. Several villages near Pune have decided to follow the way Magarpatta has shown and develop their farm land into glitzy urban hubs." - ravi karandeekar
"The Magarpatta example is one way of changing land use, converting agricultural land to non-industrial land. The Singur model is another. The differences between the two models are stark." - ravi karandeekar
"THE BLUE Ridge Information Technology (IT) Special Economic Zone (SEZ) is an international 2.88 million square feet SEZ with an integrated township. Located in the Silicon Valley of Pune \ Hinjewadi, and being the first notified SEZ in phase-I, it is built on the principles of facilities, flexibility and freedom." - ravi karandeekar
