Sarvottam Shree Apartmetns in Indirapuram, Ghaziabad

Sarvottam Shree in Indirapuram, Ghaziabad

Rs:54.05 lakhs onwards

Possession Date: December 2016

Apartments / Flats | 3,4 BHK | 1600 – 2195  sq feet

Sarvottam Group signifies the epitome of luxury, integrated with superior quality and understated grandeur. The spirit of creativity and perfection of the organization is reflected in its endeavours to achieve excellence, a quality perfected in serving the nation for the past decades. Sarvottam Shree is a residential Apartment project in Indirapuram, Ghaziabad.

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Noida: An Emerging Luxurious Hub

NOIDA or New Okhla Industrial Development Authority is located in Gautam Buddh Nagar district of Uttar Pradesh. This city which falls under the catchment area of the Yamuna River shares its border with New Delhi, Gaziabad and Greater Noida. Being close to New Delhi and the National Capital Region gives it an extra edge.Witnessing a whole lot of commercial establishments, plentiful of developers and builders have already established themselves in this city with numerous residential real estate projects.

Currently, Noida is in news after the globally acclaimed luxury hospitality giant Four Seasons has launched its private luxury residences at mix land-use property in Delhi. Each apartment will be costing between Rs. 10 crore to Rs. 25 crore. The owners will enjoy hotel like facilities such as temperature controlled swimming pools, laundry, in-residence dining, valet service, transport services, housekeeping and much more.

Noida is a happening place with a lot of greenery and natural beauty and is populated with the best world class infrastructures. Another plus point that works for it is being very close to Delhi, which results in a win-win situation.

Projects like Four Seasons are transforming the definition of quality living and affluent people in New Delhi and National Capital Region (NCR) are ready to invest in such kind of projects for luxurious and comfortable living.

The prime reason for such growth of Noida city is its connectivity to New Delhi, and Delhi Metro has played an essential part in it. Through Delhi Metro, Noida is now connecting to almost all the commercial places like Connaught Place, New Delhi, IP Estate and Akshardham Complex.  Noida features three main expressways:

  • DND Flyway that runs across the river Yamuna, connects Noida and Delhi
  • Noida-Greater Noida Expressway (NGN Expressway)
  • Yamuna Expressway, connects Noida to Agra via Mathura

Noida city is populated with well known educational institutes and hospitals. Some of the best educational institutes like Amity University, Jaipuria Institute of Management, JSSATE, Asian Academy of Film and Television, Mahrishi Vidya Mandir, Amity international, DAV Public School, Ryan International are part of this real estate hot-spot.  Beside these there are loads of good hospitals in Noida, such as, Apollo hospital, Fortis Hospital and Metro Hospital and Heart Institute.

The reason for growth of residential real estate in Noida is attributed to the IT /ITES sector and to manufacturing industries. It is a major hub for multinational firms like Sapient, TCS, Accenture, Samsung, Dell, Ericsson, Tech Mahindra, Adobe System, ALSTOM, Escorts and Honda.

Noida city had been providing affordable as well as luxury and high-end projects to its potential customers. Some of the ongoing luxury projects are:

  • Prateek Stylome
  • Curio City
  • Supernova
  • Mist Avenue

Apart from luxury project, apartments in the range of Rs. 60 lakh to Rs. 90 lakh are having maximum sales in Noida and they are mostly with 2 and 3 BHK configurations. As per a report, around 56000 residential apartment s will come up in Noida by 2014.

The prices in Noida may increase by 10 to 15% in next 6 months; the reason for this increase is the hike in cement prices. The average price for a regular apartment in Noida is Rs. 4,100 per square feet.

Over-supply of Residential Projects on OMR

OMR (Old Mahabalipuram Road) in Chennai is considered as one of the most sought-after residential localities in South Chennai. The main backbone of this locality is the IT corridors and companies which are operational from here for around seven to eight years. Currently, the situation is very grim on the OMR stretch as it is facing over-supply of residential projects in old mahabalipuram road. The arrival of IT companies has helped the first stretch to develop in a fast-paced manner with lots of residential complexes being constructed and sold immediately. But, recently the pace of development has come down a bit as most of the buyers do not want to go beyond Sholinganallur.

Beyond Sholinganallur even though houses are priced at Rs. 3500 to Rs 4500 per sq ft there are not many takers. Places like Navalur, Padur and Siruseri have not been developed much due to the absence of social infrastructure like schools, hospitals, retail and entertainment options. Although buyers are reluctant to invest in these areas new projects are coming up as one can find huge land parcels at lower rates leading to an over-supply of residential projects.

Mr. Senthil Kumar, MD of Ganga Foundations states that presently there are around 25,000 housing units coming up on OMR and the fact that the total absorbing capacity of the city is only 40,000 units annually these numbers are definitely high. Moreover, professionals who want to reside near their workplace have started shifting to locations off the road that offer lower values in comparison to high prices on the first stretch of OMR (Sholinganallur).

Still, builders believe that as soon as the infrastructure development starts in the other parts of the stretch such as wide roads, water and electricity supply, investments will start pouring in from home buyers. But this will take at least 5 years to take shape and to encourage homebuyers to buy a property. 

For investors, it is a good time to invest in Padur, Siruseri and Navalur, as these are developing areas and given a time frame of approximately 5 to 7 years these localities will be one of the hot-spots of Chennai and will yield good returns.

Landmark Group Makes Profit by Quitting from Leading Real Estate Projects

Landmark_Facade_jpgLandmark Group, the leading real estate investor has exited from the Ghaziabad’s mega residential project, the Hi tech city (Wave city) for Rs.350 crore.

The wave city is a new residential project, started earlier this year by the Wave Groups. It comprises of 75,000 dwelling segments in a space of 4,500 acres. Around 4000 units of the first phase are close to completion.  These affordable residential units are launching for a bracket price of Rs.14 lakhs.

Landmark, a leading real estate investor company of the Dalmia group, made its investment in top notch projects that are ventured by leading real estate firms like Forum, Pioneer, Prasvanth, ATS, Ansal, kumar builders etc. In the wave city project, the Landmark group had invested Rs.111.26 crore and earned 3.15 x on its exit.

This is not the first time that the Landmark group has exited from an ongoing real estate project. Earlier this year, landmark made its exit from 2 other projects but still managed to make a profit out of both. With the ATS group investment, it gained a multiplier of 2.3 x and an internal rare return (IRR) of around 24.5% on its exit. The landmark had also exited from the Shipra’s residential project with a profit of Rs. 50.53 crores which is 2.10 times the original investment.

In the present day scenario of the real estate market, most of the equity investors are struggling to stay in the field, but landmark has found its way out without encountering any loss by applying a profitable exit strategy.

Greystone Villas, RT Nagar, Mysore

Greystone Villas is a luxury villa residential project at the RT Nagar locality of Mysore. It has been MUDA approved and is just 9 kilometres away from Mysore Palace, Railway Station and Bus Stand. The villas available are all independent single floor and duplex houses.

Loans for the project have been approved by State Bank of India and by Axis Bank. There are two BHK and three BHK villas available here. The two BHK comes in two varieties of 1100 sq ft and 1500 sq ft. The three BHK has one type which is 1800 sq ft and the other one is 2300 sq ft.

The exact prices will be made available on request to the developers but it is expected to start from Rs 37 lakhs onwards. Plots will be either 30X40 or 40X60. Possession will begin by October 2014. There will be beautiful 12 metre wide asphalt roads within the complex itself. Water supply and sanitation lines are separate for each plot. The entire area is aesthetically landscaped with tree line avenues. There is also a Children’s Play Area and park among other amenities.

The area is also a good one and is expected to be the future residential and commercial hub of Mysore. There are a number of good schools in the locality like the Christ Public School, Kautilya Vidyalaya and Shrada Public School. It also has a number of hospitals, banks, malls and shopping areas. It will definitely be a great locality to live in for your family and children.