property in India - Articles - Zimbio

Lanco Hills' project cost escalates

Thu, 14 Nov 2008 00:34:48 GMT

posted by gyurkafat
The cost of Lanco Hills, a 100 acre mixed property development project near Gachibowli in Andhra Pradesh, has escalated by 20 per cent to Rs.7,200 Crore, as against the earlier estimate of Rs 6,000 Crore on account of high input costs. This project is being implemented by Lanco Hills Technology Park. The company, which had achieved financial closure for Rs 6,000 Crore through a mix of equity, internal accruals and debt, is planning to meet the additional outlay through internal resources.

Lanco Hills, which was announced in late 2006, includes 30 million sq ft of built─up area including 8 million sq ft of residential, 7 million sq ft of SEZ, non─SEZ and IT and 4.5 million sq ft of retail and hospitality space. The single─phase project, which is expected to be completed by February 2010, also comprises of an over 100 storey Signature Tower.

IT Park in Chennai gallery its amezing from top view and its palning and features

Thu, 15 Aug 2008 01:40:00 GMT

posted by venkybravestar

Business

Rs 23 crore IT park in Chennai
.

Infratech Infrastructure Services Pvt Ltd has secured Rs 350 crore projects including the KG 360 Degrees IT Park in Chennai to be built at a cost of Rs 23 crore on a four-acre site, with 2 lakh sq ft floor space.

The company is a two-year old consortium of national and international infrastructure specialists in fields of master planning, architecture, engineering - design services, finance, marketing, contracts and other related services like funding, resource planning and logistics management
By offering end-to-end services, Infratech offers efficient and cost-effective models to clients as a single window service provider for all client needs in infrastructural services. With a single team in place, coordination becomes easy for a client as also the consultants’ accountability to the client. Today, Infratech has registered itself as a private limited company.
Talking about the need in today’s market to provide all services under one roof, R Kannan, managing director, Infratech, says, "Often, land owners do not know what to do with their property. We provide them with concept ideas, design, funding, project management and marketing assistance, which results in their land turning into a strong and sound business investment. We also advise our clients on location study, government clearances, maximum utilisation of space, funding at lesser interests, tax savings, customer friendly interiors and exteriors which helps in easy marketing and international level maintenance."

Infratech bags Rs. 350 crore worth projects:

Infratech has won four new projects where its design, general, financial and marketing expertise consultancy services are beings used. This includes the Rs 36 crore Globalink IT Park in Khardi, Pune, where the land area is 2.58 acres with the building area 2.75 lakh sq ft. This project will be completed in nine months. Infratech is involved in the first phase of the Lanco IT & Township Development Facility in Hyderabad which is a Rs 2,500 crore project, that is a 10 million sq ft township inclusive of an IT park, housing complex and multiplex to be built over a period of six years.

Infratech will be involved in the building of the 36-crore Jupiter Lifeline Hospitals, Thane, to be built over a period of 12 months. The KG 360 Degrees IT Park in Chennai is a Rs 23 crore project to be spread over six months, building 2 lakh square feet on a four-acre site.

"The infrastructure and building market is at an all-time high with a lot of FDI pouring into the country and a number of international and national companies setting up more offices in India. Tamil Nadu is the next IT destination in India. We are ready to tap this potential market," says Oscar Concessao, director, Infratech. "Infratech, currently has its presence in south and western India, but we will be expanding to other parts of the country. We also aim at exploiting the international market with a presence in the SAARC countries very soon," he adds.

With four projects in hand and several in the pipeline, Infratech expects to clock a Rs 24 crore consultancy billing by the end of this financial year.

What Infratech provides is expertise in architecture, project management, structural, electrical, HVAC, plumbing & sanitary, waterproofing, landscaping, interior decoration, acoustics, lighting, theatre & auditorium, safety & fire fighting, environment & municipal clearance, kitchen & catering, logistics, building management systems, software development for services, retail management, communication, education, building & service maintenance & space marketing.

Core areas of competence are in servicing the listed industries and setting up IT/ITES parks, bio parks, town & country planning, multiplex theatres, hotels, malls, hospitals, services apartments, theme parks and housing

. Click here to view bollywood hot actress images

Office rentals rise in pockets of Bangalore, Ahmedabad, Kolkata

Wed, 6 Nov 2008 04:36:00 GMT

posted by creepersemseo
AHMEDABAD: At a time when global property markets are literally on their knees, small pockets in cities like Ahmedabad, Bangalore and Kolkata have bucked the trend and registered 3-18% rise in office space rentals in the third quarter of 2008. Apart from robust demand for corporate office space, the rise in rentals has largely been driven by lack of quality corporate space in these cities, states a report by global real estate solutions provider Cushman & Wakefield (C&W).

The trend of rising office rentals has been a deviation from the country’s office markets which have largely remained stable despite the addition of 18.41 million square feet (sq ft) of office space in Q3 of this year. Of the new space, a total of 9.21 million sq ft got absorbed during the quarter, while marginal corrections in values (ranging between 1% and 14%) were recorded in peripheral locations of cities like Chennai, and NCR.

Prominent gainers during the third quarter were micro-markets located in Bangalore, Kolkata and Ahmedabad. In Kolkata, office rentals in Dalhousie witnessed an increase of 18%, while CBD and Rash Behari Connector areas recorded an increase of 9% and 8%, respectively. “This is largely because of a robust demand for corporate office space in these locations which has led to the increase in rental values in these locations of Kolkata,” states the report.

Read full Story

SOON AFFORDABLE

Sun, 27 Oct 2008 06:29:10 GMT

posted by paulwar

Land Prices Will Eventually Correct To Make Affordable Housing A Possibility For Developers To Invest In The Near Future

With the slowdown in real estate sector over the last one year, the real estate prices have shown some signs of correction. As there is oversupply in the premium segment of housing sector, builders are now focusing in the middle-income group-housing sector. But, the biggest hurdle in this enterprise is the land prices, which have gone through the roof in the last couple of years.

According to a report prepared by real estate consultancy firm DTZ, affordable housing for the middle-income group in the country range between Rs 2,500 per sq ft and Rs 3,000 per sq ft. But as the prevailing land cost of floor surface area of apartments in suburbs like Gurgaon, Noida, Ghaziabad and Faridabad are over Rs 2,000 per sq ft, developers are finding it difficult to build affordable houses for the middle class group. In fact, the cost of land in Delhi is around Rs 6,000 per sq ft. According to an industry source, the cost of construction for an average quality house is in the range between Rs 1,100 per sq ft and Rs 1,500 per sq ft. Besides that, marketing cost is in the range of Rs 150 to Rs 300 per sq ft. Therefore, the minimum cost of an apartment in suburbs of NCR is Rs 3,200 to Rs 3,500 per sq ft.

Thus, the report points out that the high land prices in cities are main hurdle to develop affordable house in cities. This has led to a sharp drop in the transactions of land in cities like NCR, Mumbai and Bangalore. The report says that the steep fall in the number of transactions indicates that prices are likely to moderate in near future.

Anshul Jain, CEO of DTZ India, says: "Land prices usually lag the real estate cycle. The trend is visible in that while built up property prices have softened over the last few months, land prices have held. However, we anticipate a general softening of land prices in the range of 15% over the next six months."

A survey conducted by DTZ among the realty brokers revealed that more and more land owners, who were earlier willing to negotiate on price points are now willing to talk to prospective buyers. The report says that in the next 6-12 months the expectations of both sides would start to converge, thereby resulting in pick up of transactions across major cities. It says these transactions are likely to be executed at price points lower than those observed in 2007.

The report says that because of the slowdown in the residential sector in the last one year, developers have shifted their focus to affordable houses. The economics of these projects, driven by the end-use pricing of their apartment units, dictates the pricing of other inputs including land. It says keeping a fixed final-price band in mind, the developer/investor works backwards taking into account the construction, marketing and overhead costs and acceptable profit margins. The cost of land is worked — then worked backward, which defines the acceptable land price for the buyer. Anything significantly higher than that is not finding many takers in the present market.

Even in the commercial land market, the developers are not ready to invest in the costly land. The report said that with the dampening of the expansion plans of many companies, the demand for land for office segment has fallen. A large number of developers who had land designed for IT/ITES use are willing to sell their holdings, while those who had started development on their land parcels are protracting the construction period. This situation is expected to persist, unless the global environment improves in the near future. The current situation in the commercial land market is such that there is a huge demand but the buyers are not being able to meet the overheated prices. Because of this, in many micro markets, large developers are keeping away from the auctions as they believe that this leads to unrealistic prices.

As developers are finding it difficult to execute a project within the affordable range for the middle class, they are delaying the launch of projects. At the same time, the cost of holding a land is also high. This has led to consolidation of land banks among the developers. Developers with strong execution capabilities are expected to reap the maximum benefits. This class of market players can not only maximize their returns from the existing land banks but also capitalize on reasonable land prices to expand the value of their land holdings. This could result in a market shakeout, with the players having strong development capability and land holding emerging winners. But, in the long run, it is the end users who will be the real winners. The consolidation will ultimately lead to increase in the supply of affordable houses.

Courtesy: - TOI dtd: - 25th Oct. 2008

Call 9873161628 for Booking - DLF Princeton Estate Gurgaon Phase 5

Thu, 24 Oct 2008 07:29:09 GMT

posted by paulwar

The Provisional Information For The Project Are:

DLF Princeton Tower in Phase 5 Gurgaon. It is a Group Housing project in Phase 5 Gurgaon, India. It will have perfect Garden,Play Area, Electricity Backup,Maintenance Staff, Swimming Pool, Security Personnel, Security intercom, Health.

Details Of DLF Princeton Estate

Location: Delhi & NCR » Gurgaon DLF Phase-5

Features: Floors: White Mosaic/Terrazo, Toilets: ceramic tiles, Kitchen & Utility: purely durable floor tiles, Walls: oil bound distemper, Doors & Windows: aluminum, Electrical: switch/sockets, copper wiring

Ready for move.

Area: -

Type------------------Size (Sq. Ft.)

2 B/R-----------------982 sq. Ft. Flats

2 B/R + Study-------1153 sq. Ft. Flats

3 B/R-----------------1313 sq. Ft. Flats

About Developer:

DLF has pioneered the 'walk-to-work' concept in the 3,000-acre DLF Phase City, where well-planned residential plot develop are integrated with modern business and commercial complexes. DLF's contemporary workplaces are equipped with modern facilities that synchronize functional efficiencies with aesthetic appeal and have been identified as preferred destinations by leading MNC's and Indian corporate houses, including many Fortune 500companies

About Dealer:

AFFINITY SOLUTIONS PVT. LTD:- is the leading provider of Property Services in India. We are providing anything and everything to do with real estate under one roof. A professionally managed team with an established reputation for providing quality service at affordable cost. Affinity Solutions Pvt Ltd are happy to inform you that DLF Group has launched New Residential land Property project in Dlf city phase 1 to phase 5 Placed in Gurgaon. All plots are strategically located at dlf City, Gurgaon.

Looking forward to assist you in any way required.
Hope to see u soon!

Thanks and Regards!

L.N.Sharma
AFFINITY SOLUTIONS (P) LTD
1110, 11th Floor, Arunachal Building,
Connaught Place, New Delhi – 110001

M: +91 9873161628, 9811159064 (India)

16469150050 (US)

442030516831 (UK)

Website: www.affinityconsultant.com
Email: - affinitycredit@yahoo.co.in