‘Festival discounts only for genuine buyers’ say developers

Developers are offering special festive discounts to buyers only after they have decided to buy an apartment. The festival season is here. Navarathri has begun which would be followed by Durga Pooja, Dasara and Diwali. And the festive season continues till the end of the year. This period is considered auspicious for new projects, including purchase of property. However, not many developers have announced the usual festival discounts in a big way. 

“Usually, developers, banks and housing loan companies announce Dasara-Diwali discounts. But this time though developers are giving a special price, they are not making big announcements about it with the usual fanfare,’’ states Srihari Rangachari, senior consultant, Mirazze Builders and Land Developers.

So far Bangalore has not witnessed the `gift yourself a home this festival season: special prices’ slogans. In fact, the real estate promos are noticeably absent. However, those who are offering discounts for this season are doing so without the usual special advertisements, flyers and hoardings.

Industry observers attribute this to caution and the general subdued mood.

“Other than those who have a few unsold apartments in a project, most developers continue to be cautious,’’ observes Ranjan Das, a freelance realty consultant with sales and marketing tie-ups with several developers.

“Even though the market has witnessed a steady increase in sales since mid-August 2013, developers are still planning on coming up with special offers for the unsold inventory. Thus, few are proactively promoting festival discounts.’’

In fact several of the leading developers said they were `still planning the details’.

“Prices are at an all time low. What usually happens is that genuine buyers expect a further discount, over and above the ones that have been announced as part of the ad-blitz. And this is something the developers can ill afford today. Hence, though the buyer is getting a slightly reduced price as part of the festival discount, they are more on a one-to-one basis,’’ states Das.

Banks and housing finance companies too, are yet to announce their festive loan schemes.

“Several developers are in talks with banks and organisations like the LIC to come up with special schemes in the near future. They are still at the negotiation stage, as even banks are being cautious and are focused on the fine print that these offers commit to,’’ observes Rangachari.

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Source : http://content.magicbricks.com/festival-discounts-only-for-genuine-buyers-say-developers/

GreenBurg : Ultra Luxury Condominium In Sector 86, Gurgaon

Microtek Greenburg is the new upcoming project in sector 86, Gurgaon. It is a completely new desired destination for cost-effective homes. The project is having 2, 3, and 4 BHK apartments which will offer Intelligent Luxury Living with Contemporary Style. With the commitment of on-time delivery of the project, Microtek Infrastructure is offering ACs, Modular Kitchens, Italian Marbels, Laminated Wooden flooring in its 700+ apartments.

Highlights

· Welcome to Microtek Greenburg sector 86 Gurgaon.

· Air-conditioned apartments with italian marble/laminated wooden flooring.

· Modular kitchen.

· Intelligent Luxury Living with Contemporary Style

· Sports Facility

· Largest sector in New Gurgaon domain.

· Mutual Facilities: High Speed Lifts, Convenient and daily necessity shop.

· Other Provision like play school, primary school, Children Park and water bodies

· CCTV for common areas.

· Earthquake resistant structure.

· Multi level 24x7 security.

· Ample parking space.

· Kids Play area

About Developer- Microtek Infrastructures

Microtek Infrastructures Pvt. Ltd. is a collaborative venture of two reputed brands in Indian industry - Action Group and Okaya Group. Both the brands are very well known to the indian customers. Now coming with a new residential project named Microtek Green Burg. Action group is a famous market leader in shoes. Apart from the shoe industry, the group has a large portfolio of products which include Action Steel, Ispat and Power and Microtek Inverters. Okaya is world famous brand name in inverters. Apart from that the company has also ventured into renewable sources of energy and software development. Microtek is a renowned brand in the technological innovation sector. From creating high-end and complicated technological innovation easily accessible to the users, it is now entering into the Real Estate by launching this project.

For Booking and Payments

Made up your Mind to Buy Apartments in Microtek Greenburg, Sector- 86, Gurgaon. Our Property Advisors are always available to assist you with all the details about the project (Location,Specifications, Amenities, Floor Plans, Price, Payment Plan, Schedule, Delivery Date, Brochure, Additional Charges, Application Form, Reviews etc.) and help you identify a Property of your choice. Now you are just a few steps away from owning your dream property. Fill in all the relevant details in the Enquiry Form and send the same to us. Our Property Experts will get in touch with you earliest.

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IL&FS Engineering wins Rs 244.46-crore housing project in Haryana

NEW DELHI: Infrastructure company IL&FS Engineering and Construction (IL&FS Engineering Services) today said it has received a contract for construction of a Rs 244 crore housing project in Haryana.

“IL&FS Engineering Services has received a Letter of Award (LoA) from Emaar MGF Land Limited for construction of civil structure… works of 150 numbers of residential villas “Marbella” (G+2 Storey building, including basement) at Sector 65 & 66 in Gurgaon, Haryana,” the company said in a statement.

The total value of this contract is Rs 244.46 crore, it said, adding, the project is scheduled to be completed in 30 months.

The company is already executing two buildings and structures projects for Emaar MGF – Palm Terraces Select Housing Complex at Sector 66, and Palm Garden Housing Complex Project at Sector 83 in Gurgaon, entailing Rs 475 crore investment.

The company executes projects under various domains like buildings, roads, railways, irrigation, power, ports and oil & gas.

Shares of the company closed at Rs 28.75 apiece, up 9.94 per cent from their previous close on BSE.

Source : http://economictimes.indiatimes.com/markets/real-estate/news/ilfs-engineering-wins-rs-244-46-crore-housing-project-in-haryana/articleshow/22550898.cms

Gurgaon:Sohna Road sees high demand for smaller commercial units

Delhi NCR

The corporate houses in Gurgaon are moving from bigger commercial office spaces to smaller offices. Sohna Road is one such destination that has become their preferred choice. Industry experts say that such trends in the commercial real estate are due to the sluggishness in the economy. “The transition from bigger office spaces to smaller units in Gurgaon has certainly channelised the demand for commercial real estate in Sohna Road. Apart from this, the lower rental values are what corporate houses are looking at,” says Ajay Bajpai, proprietor, Homes2offices.

Where rental values of commercial space in DLF Cyber City ranges from Rs 75-100 per sq ft, and at MG Road from Rs 75-150 per sq ft depending upon the furnished and unfurnished state, Sohna Road offers the commercial space in the range of Rs 40-60 per sq ft.

Although there is not much difference in commercial rental values in the premium commercial areas such as DLF Cyber City, MG Road and Sohna Road, companies still opt for Sohna Road as it offers smaller units.

Gaurav H Luthra, director, Foots and Yards, a city based realty firm says, “In an unfavourable macro-economic environment companies are cutting costs and are thus, interested in taking up smaller units”.

The minimum space available in DLF Cyber City is 3000 sq ft and at MG Road it is 1000 sq ft. Sohna Road,on the other hand, offers a wide range of options from 800–30,000 sq ft.

Apart from this Sohna Road also boasts of good connectivity. It is well connected to NH-8 in the north and is intersected by Golf Course Extension Road towards the south. According to Gurgaon’s new Master Plan, Sohna Road will be developed into a state highway. Already, work on converting it into an eight-lane road is underway. The master plan also shows a Southern Peripheral Road which will intersect Sohna Road near Vatika City in Sector 49.

Stating another reason for corporate houses showing their interest in Sohna Road, Pankaj Bansal, proprietor of Oxford Realtors and Arbitrators, says, “The real estate opportunities with corporate houses are quite few. They are not capable of, or are not in a position to earn big money after bearing high cost in terms of rental values and maintenance charges”.

Source:http://content.magicbricks.com/gurgaonsohna-road-sees-high-demand-for-smaller-commercial-units/