Showing posts with label dreamz infra bangalore. Show all posts
Showing posts with label dreamz infra bangalore. Show all posts

Friday, 11 July 2014

This is why our real estate competitors are right about us

Any business endeavor is a competitive arena. The modern civilized world has not changed much since mankind stepped out of the evolutionary forest into the concrete jungle. And man has succeeded in conquering the planet not because of his intelligence, that is, being smarter than other living beings, but because of his imagination. In fact Einstein said that the ability to visualize outcomes before they occurred was the hallmark of a successful species. Imagination being more powerful than logic. Elementary.

The world today has stepped out of the concrete into the ceramic chips that power the internet. And this opened many challenges to any organization. The web took business to another level all together.

Real-Estate-Competitors-Abuse-DreamzInfra

Dreamz Infra modest successes in the real estate market speak for themselves. Our successes that live on in our buildings that affordably house the middle class who could not otherwise be encouraged to invest in such luxurious properties at a budget rate.

Our dear valued customer, if you have come across material on the internet deriding our humble works of art, it is because those who post such profanity are incapable of appreciating beauty.

At no cost we will succumb nor relinquish our commitment to give our best to our clients, and extend a warm invitation to prospective buyers.

Dreamz Infra competitors are right about us. Our crime is that of honesty and transparency. 

Maybe we live in an age of profound fraudsters, but we certainly know that we keep the highest integrity values of trust as the highest values to our clients. So, you can feel free to feel secure whilst doing business with us.

Maybe Dreamz Infra competitors are right after all, our crime is that of affordable innovation. We could tell you to purchase a flat through us, but we would not, because that is your smart decision.

For other Real Estate News & Updates Go through below links:



Saturday, 15 March 2014

Dreamz Infra at FlatsDeal Home Fair on 15th & 16th March

One more time Dreamz Infra is on FlatsDeal Home Fair. The home fair is conducting on 15th & 16th March'14. It is a greatest opportunity for the Bangaloreans who are looking Flats for sale in Bangalore. The people who missed out last time they can utilize this big opportunity on these two days. Go through the below banner for details about Home Fair.

All the Best!

Dreamz-Infra-in-Jumbo-Home-Fair-2

Friday, 7 March 2014

Dreamz Infra at FlatsDeal Home Fair 8th & 9th March

Dreamz Infra India is a Bangalore based Real Estate / Residential Construction Company. Dreamz Infra is constructing 30+ projects in an around Bangalore. Dreamz Infra is participating in FlatsDeal Home Fair which will be held on 8th & 9th of March. In Home Fair Interested Customers will get Flats at Half Price from Dreamz compare to market prices along with this You can meet Dreamz Infra India Existing Satisfied Customers.

Dreamz-Infra-FlatsDeal-HomeFair-8-9-Mar

Follow Dreamz Infra Social Platforms to get latest updates about Dreamz Infra India, Customer Reviews & Feedback. Facebook, Linkedin, Apsense

Sunday, 19 January 2014

In 2014, Developers Are Hopeful about Realty Sector’s Revival

It is believed that there might be a reversal of the slowdown in 2014, as the real estate sector is facing costlier borrowing and increasing property prices. They expect sales to pick up post the general elections.

It was seen that the year 2013 saw muted commercial leasing, low demand for housing units, buyers’ discomfort due to delays, a number of unsold housing inventory, limited projects’ launch and debt-ridden developers scoring lower revenue-net profit numbers in real estate.

2014-India-Realestate-Hope-Abusedreamz

Even in the midst of all this, there was a ray of hope in the form of two major government initiatives for the real estate sector. The two major government initiatives were the proposed Real Estate Regulatory Bill and the new Land Acquisition Act which will go a long way in making the real estate sector more accountable and transparent.

However, these moves by the government didn’t go down that well with the developers as they felt that the provisions were more farmer-oriented and consumer-friendly and might lead to delays in the development of projects and enforce price escalation. According to the chairman and managing director of a renowned company, he stated that the provisions of the Bill would result in escalated land and project costs and thereby affect affordability of real estate across India.

According to President, CREDAI-NCR, as has been observed in the past few years the controversies with respect to forcible land acquisition, the Bill is surely the requirement at the given moment. But, given the present situation, the Bill makes the process of land acquisition time consuming, he said.

The present condition of the real estate industry is cash-strapped. Hence, the realty industry welcomed market regulator SEBI’s draft guidelines to allow Real Estate Investment Trusts (REITs) and Commerce Ministry’s proposal to relax FDI norms. It is believed that no sooner these steps are implemented, they will surely help in reviving the global investors’ interest in a sluggish property market.

According to Chairman of CREDAI, he stated that they were hopeful about the year 2014 and hope to see a positive shift from the earlier years. Thus, it would bring in the much needed constancy and clearness in the property market. It is also believed that all areas, which seem to have good social infrastructure and connectivity, will witness maximum real estate development in the coming year. He also stated that they were looking forward to 2014 as a much better year for the real estate sector as compared to 2013.

Sunday, 12 January 2014

Chennai, the New Desired Hub for Real Estate Investment

In a recent survey done by PwC said that Chennai City for the first time has become the favourite hub for real estate investment for both domestic and international investors who are looking for secure assets on investments that will be outstanding in 2014.

The survey done by PwC with a heading 'Emerging Trends in Real Estate in Asia Pacific 2014' showed that in the Asia Pacific region for the first time Chennai appeared in the list of top 25 real estate destinations along with cities like Delhi, Bangalore, and Mumbai that have been in the top 25 list as ideal destinations.

Chennai-RealEstate-Investment-abusedreamz

Gautama Mehra, Executive Director in India for PWC said that interestingly, Chennai City has been chosen as one of the destination for the first time by investors for investments in real estate. He also added that this shows the investors interest in investing in major markets from conservative assets has moved to niche market with new and steady assets.

The survey report also showed the ranking of the cities where Bangalore was ranked at 20th place in the list falling from the 19th position in 2013, Mumbai was ranked at 23rd place, which had slipped from 20th position in 2013, Delhi remained at 21st as in 2013, and Chennai City, the new entry in the list was positioned at 22nd.

The rankings mentioned in the report is based on the views of over 250 renowned real estate experts worldwide that included the developers, investors, property company representatives, brokers, lenders, and consultants.

He also stated that though the domestic markets continue to grow strong in the cities that were ranked low, but the real estate market didn’t attract the international investors as anticipated due to the continuing economic problems and fall in the value of the rupee on the middle of the year.

With national elections alarming and it is likely that post election the investment market will be more approachable for foreign investors and many foreign investments are waiting for the election result, said Mehra.

Mehra also added that the domestic cities that have slipped in the rankings, yet retaining positions in top 25 lists shows the negative and positive impact on the markets. Speaking about the negative impact is due to the combination of market, regulatory, currency, and political hazard that raises a sense of concern and the affinity of foreign investors to wait on the sidelines; while the positive factor is the undeniable prospective that continues to drive the interest levels.

Furthermore, Mehra adding on the view of the report, he said that a more favorable and transparent environment in the market will attract greater levels of investment from both foreign and domestic.

Saturday, 28 December 2013

Aerospace Park in Bangalore Is Not a Real Estate Project

The India Head of UTC Aerospace Systems (UTAS) says that the aerospace industry in Bangalore is capable to generate revenue of $20 billion in the next 10-15 years if the state government supports and encourages an ecosystem that will grab the attention of the global companies.

Bangalore is the aerospace capital of India. UTAS part of the $64 billion US-based United Technologies is the largest MNC aerospace manufacturer in India and was also a component in the task force that aided to pass the first aerospace guidelines in Karnataka.


Chris Rao – Vice President of UTAS said that the government should support in seeking attention of companies to invest in aerospace industry. Despite of the launch of 1,000 acre of Aerospace Park next to the Kempegowda International Airport Bengaluru, it has failed to attract global Tier-I aerospace manufacturers. Bangalore that is supported by many public sector ventures like DRDO, HAL, and ISRO over the years has the right talented groups. Rao also added that, if the government sells land parcels near the Aerospace Park, then it is not emergent of an ecosystem idea. Right now that is what happening; the more real estate players are attracted rather than industry guys. In order to set up shops, an aerospace SEZ would also need Tier-III and IV suppliers along with academic and training institutions.

He also added that they are recommending the government to build the park as an ecosystem and asking them to give it to an ecosystem developer, rather to a real estate developer as it will create problems.
Rao also said that the industry should invest in technology and people, rather in land and infrastructure and currently the aerospace industry is focused in US and Europe. India and China are attracting the companies that are looking to expand outside of these two markets. China with intellectual property rights concern had made the aerospace companies to look eagerly at India. UTAS established two years ago with Good rich global acquisition of $19 billion indulges in manufacturing evacuation slides, cargo systems, lighting systems, sensors and integrated systems, seating systems, and electrical power systems for Boeing aircraft and Airbus.

Rao also told 60percent of the global manufacture of these products is made out of Bangalore and UTAS located in the IT hub of Whitefield has employed about 2,000 people and has grown too big of its 700,000 sq. ft. facility. He also added that the aerospace industry should achieve a stage where we can develop, design, support and manufacture products from India and need to hold up skills, especially on the design side.

Friday, 20 December 2013

Experts say Real Estate Sector would be Optimistic in 2014

In the CREDAI CONCLAVE meeting, which was organized in New Delhi with the theme “Housing, The Game Changer-Leading to Double-Digit GDP Growth” most of the industry veterans said that the real estate sector would be optimistic in 2014. With real estate approaching towards positive factor, they also added that government should assist the industry by making orders that would favour in the development of industry and country’s economy.

Addressing in the Conclave, Mr. Rohit Gera, MD of Gera Developments Pvt. Ltd said that the real estate sector will rise over the present situation of slowness that has beset the industry and this would be possible with the help of government which is not prioritizing the industry and has concentrated more on the slum rehabilitation.

Mr. Rohit Gera also added that the lack of appropriate implementation to get right solutions to the known problems is also one of the barriers in the industry. He also said that bringing few solutions in the industry like fast approvals and relaxation in Floor Space Index (FSI) and Foreign Direct Investment (FDI) would make way in the industry’s growth.

Other real estate experts who were present in the event were also likewise keen about the optimistic future of the real estate sector in the coming year. The industry is currently going through sluggishness in the market due to political volatility, which has led down the market sentiments. The same situation was observed in the year 2008, where India was one of the first countries that came back to a positive note within six months after market slow down.  Adding to this Mr. Vijay Mirchadani, Hon Secretary of CREDAI said that the industry also expects to see some positivity in the market within six to eight months and also added that for end-users it is the best time to take advantage of the present situation to invest before the prices shoot-up.

Speakers, who addressed in the CREDAI event, also stressed on the necessity of affordable housing in the country and said that irrespective of all the measures taken the industry was not able to meet the existing demand. Noida and Greater Noida regions were focused much to improve this situation and with regard this, Mr. R K Arora – MD of Supertech said that almost 90% of the demand is for affordable housing and only 5-10% are for the luxury segment.

On the other hand, many real estate experts said that demand for affordable housing can be met with the government’s support to the developers’ community and they also opined that other than regulatory measures, measures like additional FSI and fund for construction cost are also needed from the government’s end.

Saturday, 7 December 2013

Know What Are the Biggest Mistakes First Time Home Buyers Usually Make

Everybody dreams of owing a house of their own. It is in fact the biggest purchase one can possibly make in their entire lifetime. For the first time home buyers, the whole experience of buying a home can be scary and frustrating too apart from being exciting. Find out the biggest mistakes that home buyers usually make here:

Not Securing Loan Approval
This is perhaps the biggest mistake that home buyers can make while buying a house. Usually it so happens that the bank might not be ready to lend the amount as to what you can afford to buy a home. Hence, it is always advisable to obtain a pre-approval at the first go. This will help you arrive at estimation about your investment while depending on the loan amount bank sanctioned to buy a house.

Not Knowing How Much You Can Afford
It is very important that you know how much you can spend on your new home apart from the monthly expenses. It is also advisable to buy a house that you can afford to pay the EMIs for. The first thing that you must do is prepare a budget. It is advisable to never go beyond your pre-planned budget as doing so may only weaken your financial situation.

Compromising On Essential Things
Do your bit of research before buying a house. Calculate and arrive at the estimated amount that you may have to likely part with while buying a home.

Waiting For Better Deal Every Time
Again doing appropriate research and arriving at the right decision is very important while buying a home. You can expect fluctuations in the realty market and must be prepared for that.

Spending Huge Amount to Get a Perfect Home
Many a times, the home buyers end up paying a huge amount while buying their dream house. Moreover, the home buyers mostly overlook the exorbitant cost of the house when they find their dream house and end up paying the money.

Trying To Do Home Upgrades All Alone
It may burn a hole in your pocket if without any prior experience you try to upgrade your home all alone. This may not be the right move as you may end up paying more money in a bid to save money. Hence, you must get help from experienced property manager who can guide you in your investments.

Thursday, 14 November 2013

Know What Important Questions Home Buyers Must Ask Their Real Estate Developer

There are many important issues that a buyer of a flat from a builder needs to look into before making the actual investment. There are many types of risks that are involved in buying a property. Some of the risks are choosing the right builder and making sure he is the actual owner of the land. It is important to look into all the factors as it is the investment of a lifetime that you would be making.

What is the land use?
It is advisable to check the land use of the property on which the project is being developed. One can have a look at the license as it states what the land is used for. It means whether it is used for developing commercial or residential property, plots or floors, and so on.

Is the land acquisition completed?
It has been observed that many a times, developers start selling apartments even before land acquisition is done. It may so happen that some unexpected problem may come up due to which acquisition might not be completed. It may also be the case like this that the developer might have managed to buy 80% of the land he needs but get entangled in an argument over the remaining 20%. The situation may turn out like this that if in one tower in which your apartment was to be planned and developed, on the disputed 20%, you might really face a troubling situation.


Know whether the developer has legal title?
It is advisable that you ask the developer to show you his ownership of the land by showing you the papers. Each plot has a sole khasra number. You can ask for that number from your builder and check for yourself in whose name the plot is registered. Moreover, you could also appoint a lawyer to conduct the title search on your behalf. He could probably help you find out if there is any kind of legal dispute over the land.

Check thoroughly for all the approvals in place.
You could ask for the license from the developer which is in fact a proof of the fact that to develop the project, he has taken approval from the area's town planning authority. You must be aware that every license has an exclusive number. Moreover, developers often print the license number in their ads who have obtained the license. You could also ask the developer if he has received these approvals: water, building plan, environment and pollution, and height clearance (if the building is situated near an airport).

Many a times, when clearances have not been obtained, then the realtor might make optimistic projections that he will get them within, say, six months. According to a Director of the Gurgaon-based realty consultancy, the fact is that any delay in getting clearances is one of the main reason of project delays.

Get to know what the terms of the application form are
You must pay utmost attention to the payment plan in the application form. Take into factor whether the builder is asking for a huge part of the cost of the apartment at an early stage of construction. It is advisable you stick to a construction-linked payment plan. It has been observed that nowadays numerous developers offer plans wherein a significant lot of the cost has to be paid after possession. Generally, such plans are considered advantageous from the buyers’ point of view as they insist the developer to hand over possession as soon as possible.

Monday, 23 September 2013

Property values on Magadi Road appreciate by 51 per cent - Dreamz Property review

Dreamz Infra


Bangalore

Magadi Road in the western zone of Bangalore has been a fast appreciating locality. The investors have been able to double their money in a span of just one year. According to the data with MagicBricks.com, the property values in Magadi Road have gone up by almost 51 per cent in the last 12 months. With such rise in prices, Magadi Road has emerged as one of the most appreciating localities of Bangalore in 2012-13.

The average capital values on Magadi Road used to hover somewhere at Rs 4,900 per sq ft in Apr-Jun 2012. However, in Apr-Jun 2013, the prices were recorded to be at Rs 7,400 per sq ft.
Santhosh Kumar, CEO – Operation, Jones Lang LaSalle India, says “Magadi Road has been one of the fastest appreciating localities of West Bangalore, apart from Tumkur Road and Vijayanagar.

The property values here have appreciated considerably in the last one year. This region saw stable demand because of the developing Metro line, which will provide enhanced connectivity.”
Augustine Joseph of Network Ventures says, “Presently, there are several city based developers who are offering residential layouts here. The average prices have mostly been impacted due to the coming up of layouts by ETA Star and Purvankara Developers who have hiked the prices to almost Rs 7,000-8000 per sq ft. However, since most of these developments are towards the city, there are several other areas, farther on Magadi Road, which still offer properties within Rs 800-2000 per sq ft.”
dreamz infra

With a maximum availability of residential plots in the area, many investors are putting their money on stake in hope of healthy appreciations. Currently, the location is connected to the city by NICE Ring Road. In the future, Magadi Road is expected to deliver even higher returns, given the fact that it would soon be connected by the Bangalore Metro.

Magadi Road which starts at Majestic would be connected to the metro by 2016. Apart from that, the development of the commercial establishments on either side of the road is also going to draw more end-users to the market. Currently, lack of social infrastructure and insufficient commercial activities is leading to only investors eying this location.

Reviews on How RBI's Repo Rate Hike has Hit Infra Developers Sentiments


Reviews on RBI

Expressing disappointment over RBI's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.

"There was no need to increase the repo rate at this juncture. It will hurt the growth sentiment further," DLF Chief Financial Officer (CFO) Ashok Tyagi told PTI.

Asked about impact on real estate, Tyagi said the overall sentiment would remain cautious, but he believed that good products from credible developers on good locations would always have a demand.

RBI raised the short-term policy rate by 0.25 per cent to keep "worrisome" inflation under check, a move that may increase EMIs for home and auto loans in the medium term.
 "It is highly disappointing to see such a signal from RBI. Though increasing Repo by 25 bps (0.25 per cent) may curb inflation marginally or may hold Rupee for a while, it is going to impact market sentiments significantly".
The RBI had a golden chance to bring positivity in an otherwise sluggish economy, but this increase in rates would affect growth prospects, he added.


"It is not a good signal for the industry which is about to enter the festive season. Banks have already started raising their rates," Jain said.

Housing demand generally goes up during the festival season and developers major part of sales take place during this period.

Global property consultant Jones Lang LaSalle India Chairman and Country Head Anuj Puri said the hike in repo rate would lead to increase in developers' finance cost and affect their profit margin.

"In the current monetary policy, RBI has increased the repo rate by 25 bps, which will increase the borrowing cost. However, with reduction of MSF by 75 bps (0.75 per cent) and reduction of minimum daily maintenance of CRR from 99 per cent to 95 per cent, it has relaxed tightening norms," Puri said.

Costs-Dreamz-Infra-Reviews

Increase in finance cost along with rising cost of construction and the already challenging economic scenario is expected to affect profit margins of developers, he added.

"While the real estate industry has reason to be somewhat disappointed on the increase in borrowing cost, RBI has made provisions for increased liquidity in the system," he said.

Terming RBI's decision as "unexpected", Griha Pravesh Buildteck CMD Abhay Kumar said the move would disappoint the banking industry and consumers who are struggling under the burden of high Equated Monthly Installments (EMIs).

"It would also dampen sentiments ahead of the peak festival season, when developers expect the demand for houses to go up. This is going to hurt both buyers as well as the developers," Kumar said.

Source: economictimes.indiatimes.com/markets/real-estate

Monday, 2 September 2013

Urban poor squeeze into cities - Dreamz Infra News Desk

Dreamz Infra

BANGALORE: Behind the glitz and glass of IT City’s high-rises, are a rash of slums, home to at least 25% of the city’s population, which actively participate in its growth and functioning.

Slums are increasing in Karnataka, a highly urbanized state with 37% of its 6.11 crore people living in cities.

Official statistics from the Karnataka Slum Development Board (KSDB) say the state has 2,796 slums housing 40.5 lakh people. As Bangalore grows, the number of slums is increasing, taking the official number from 473 in 2003 to 597 in 2013. Officials say 13.86 lakh of the 84.25 lakh people in Bangalore (16.45%) live in slums. Experts term the figure “gross underestimation” and peg it between 25% and 35%. The urban poor live on government, private and railway lands. Most slum dwellers work as drivers, domestic helps, cooks, construction labourers, vegetable and fruit vendors, watchmen etc.

Bangalore is followed by the relatively under-developed Hubli-Dharwad with 105 slums, and heritage city Mysore houses 81 slums. Mangalore, however, is an exception with the least number of slums, and even those have basic facilities.

Experts say Bangalore has many temporary and scattered slums, which are hardly counted by officialdom. These include migrant workers living near construction sites, and other poor sections flowing into the city.

Issac Arul Selva, convener of Slum Jana Andolana, said: “The official figures are a gross underestimation. About 50% of the city’s population lives in single rooms, and can be classified as the urban poor. Many servants live in cars and houses of rich people, but are not counted.”

Kaveri RI, neuroscientist and member of the People’s Democratic Forum, has a word of caution. She said: “Demographic shifting of the rural population to urban areas and zero planning by the government to control migration to urban areas is leading to an increase in the number of slums. If the government fails to plan now, the poor have no choice but to live on the streets by 2017.”
Dreamz Infra

            Aphenomenal  increase in realty prices is also leading to the mushrooming of slums. Even the government’s low-cost housing is unaffordable. Bangalore Development Authority, which is building flats for the poor, issued a notification on October 12, 2011, to construct 13,172 flats in 13 places on the city’s outskirts. It fixed Rs 7.5 lakh for a two-room flat, drawing a poor response.

Former Hubli-Dharwad Urban Development Authority chairman Lingaraj Patil blames vote bank politics. “Many politicians help in the formation of slums for the votes,” he said.

http://timesofindia.indiatimes.com/city/bangalore/Urban-poor-squeeze-into-cities/articleshow/21945490.cms

Wednesday, 28 August 2013

Dreamz News - Notice to govt in land case of HC judge’s son

Dreamz Infra




BANGALORE: The high court on Tuesday order ed notice to the government, KIADB and Bangalore Urban DC on a petition filed over two acres of grant land in BKPalya, near Devanahalli.
A high court judge’s son is said to have received Rs 1.24 crore in compensation from KIADB in lieu of the land.
Justice AN Venugopala Gowda also requested advocate-general Prof Ravivarma Kumar and senior counsel PS Rajagopal to assist the court as amicus curiae on the issue, before adjourning the hearing to Wednesday. The judge requested them to enlighten whether the court can proceed against the DC, who is also a quasi-judicial authority.
The court also held that a copy of the petition was deemed to have been served on Phaniraj Kashyap, one of the respondents and son of sitting HC judge K Sreedhar Rao, since it was sent by registered post on August 5. Phaniraj, who filed a caveat, did not appear on Tuesday, which the court took note of.

The case:

The petitioners, who claimed to be legal heirs of the original allottee of the land, said it cannot be alienated within a stipulated time. Yet the land changed several hands before reaching Phaniraj during the non-alienation period. When they challenged it, their petition was rejected by the assistant commissioner, following which they moved the deputy commissioner.
The DC initially stayed the assistant commissioner’s order. “Phaniraj approached the DC personally and with influence from his father, succeeded in getting the stay order altered,” they alleged.The land was acquired for an IT park by the KIADB, which awarded Rs 1.24 crore in compensation to Phaniraj, ignoring the petitioners’ objections, they said. PS Rajagopal said the high court has jurisdiction to look into orders passed by DCs under Article 227 of the Constitution, and that the case can be referred to a magisterial inquiry.
BBMP asked to pass fresh orders
Justice L Narayana Swamy on Tuesday disposed of a petition filed by M Raghu, BBMP junior engineer (South), asking the civic body to pass a fresh order in his case.
This was after the court noticed that as against the BBMP commissioner’s directive to suspend him on August 7, the additional commissioner had issued a suspension order on August 6 itself, over 22.88 tonnes of missing iron rods obtained during the demolition of Puttanna Kanagal Chitramandira, as there was no auction or records about storing the same.
http://timesofindia.indiatimes.com/city/bangalore/Notice-to-govt-in-land-case-of-HC-judges-son/articleshow/21816202.cms

Thursday, 22 August 2013

Dreamz reviews- Strong regulaion on overseas property buy, may boast Indian Infra



The country’s real estate market may get a boost following the central bank’s restrictions on Indians investing in properties abroad.
Rich individuals typically with Rs.10-15 crore set aside for property investments abroad have already begun enquiring about real estate opportunities in India, say property consultants.
To protect the falling value of the rupee, the Reserve Bank of India (RBI) on Wednesday announced measures aimed at moderating capital outflows, following which individuals cannot buy properties abroad under the Liberalised Remittance Scheme (LRS).


Moreover, the limit for remittances by resident individuals under LRS has been lowered from $200,000 to $75,000 in a fiscal year. In February 2004, RBI under LRS allowed Indians to invest abroad with an initial limit of $50,000, which was raised to $200,000 in September 2007.
“Individuals who were planning to buy international real estate at attractive valuations and planning for their kids’ education and housing abroad will now see such plans challenged,” said Om Ahuja, chief executive officer, residential services, at Jones Lang LaSalle India, a real estate consultancy.
“The investors have already started talking about their change in investment plans,” saidAnuj Nagpal, managing director, investor services, DTZ India, a real estate consultancy.

“This is likely to give some boost to the real estate demand in the country, especially in the premium and luxury segment as these investors are majorly (for) high net worth individuals,” he said.
In recent times, there has been a surge in Indians buying properties in countries such as Dubai, Singapore, Malaysia and the suburbs of London. Indians occupied 2% of new residential buildings in London in 2012, a growth of 0.9% from 2011, according to real estate consultancy Knight Frank.

“The investment split for all overseas buyers is 65% for investment, 33% for education, 2% for a second home. For Indians, second homes may be closer to 5% and (they) had spent an average £1.5 million per unit in the prime market in 2012,” Liam Bailey, global head of residential research at Knight Frank, said in an interview on 17 March.

Investments in overseas markets typically fetch a rental yield of 5-7%, more than the prevailing 1-3% yield in India, according to industry experts.







“The major impact of this policy change could largely be realized in three main asset classes within real estate—serviced apartments, retail and semi-luxury residential in tier 1 cities. The market for all these segments has been subdued for a while and this could be a positive trigger,” said Samir Jasuja, founder and chief executive of PropEquity, a real estate research firm.




Some investors have already started making alternative plans and there will be more demand for assets in residential and commercial properties across geographies within India, say experts.
“Investors would look for places where they get maximum rental yields. Bangalore, Hyderabad and Chennai markets are reasonably priced and would be preferred to Mumbai and Delhi, where the yields are a meagre 2%. Hyderabad residential properties have a yield of 4%,” said Ahuja.
Anand Moorthy, head of real estate services at RBS Financial Services (India) Pvt. Ltd, believes people with Rs.5 crore or more set aside for investments would prefer high rent yielding commercial assets over residential properties.
“Prime residential markets have not had much capital gains in the recent years. So there will be shift in preference for other asset classes. Demand for pre-leased assets such as IT (information technology) parks, warehouses, etc., with a yield of 7-8% is going to increase,” he said.


Source: realtyfact.com/curb-on-overseas-property-buy-may-boost-indian-realty-market/

Monday, 29 July 2013

"Illegal realty Encroachment" thrives as law fails to rule out "Land mafia Terror".

Land rates have gone through the roof, and goons have found an easy way to make pots of money  encroach upon the site, demand a ransom to vacate it.

Radhakrishnan Nair (name changed), an NRI from Bangalore residing in the US, recently purchased a site at Ramamurthy Nagar for Rs40 lakh to build a house after his retirement.
But within a month he received a call from his friends in Bangalore informing him that someone had encroached upon his site and fenced it. A worried Nair rushed to Bangalore to find that the site had indeed been encroached upon. With great difficulty, he managed to contact the people who claimed the site’s ownership.
They told him the site belonged to them and even showed some documents to prove their claim. 
But the documents were found to be fake since the name entered as the first-party, shown as the seller, was wrong. The people who showed Nair the documents admitted the discrepancy, but demanded `6 lakh as settlement money for returning the site to Nair and assured him full protection from other encroachers.
“They told me that I can go to court, but will have to spend a huge sum of money and many years to get back my site,” Nair said.
“They said police won’t be able to help me since this is a civil dispute. Since I did not have the time and energy (to fight a court case), I agreed to their demands and paid them money. Since then, I have had no problem as the encroachers have become the protectors of my property.”
Nair’s case typically demonstrates how the land mafia functions in Bangalore. The much sought-after outlying areas - like Ramamurthy Nagar, Devanahalli, Doddaballabur, Yelahanka, Bommanahalli, Hosur Road etc - have become hotspots of property development on which the land mafia has maintained an eagle’s eye. If they don’t harm you, they will milk you financially by promising to protect your property; in worst case scenarios, they grab the land that legally is bought by the citizens with an eye on future development to retire in an independent house in peace.
Many times a citizen even decides against approaching the court fearing huge costs and the time taken to clear the case.
If your property is on the radar of the land mafia, there is hardly a way out.
Sources in the police department say many non-resident Bangaloreans with properties in the city are facing a similar problem.

Police helpless
Police, who admit to the existence of the racket in and around Bangalore, are helpless as the offence comes under civil disputes and the aggrieved parties have no option but to approach the court.
Additional commissioner of police (law and order), T Sunil Kumar, said that as per the 2008 guidelines, police have no reason to intervene in civil disputes unless a crime is committed. However, taking note of the fact that members of the land mafia may exploit this to further resort to encroachment, Kumar said the police have been asked to keep an eye out on such people and take stringent action under the Goonda Act if they indulged in such acts.
“We know such rackets exist,” a police officer from the east division, the hub of such activities, told DNA. “So, whenever we come across such incidents, we book them under the Goonda Act. But the problem is that people are afraid to file complaints against such goons (as they do not want to antagonise them) and agree to pay them protection money to resolve the issue at the earliest.”
Earlier, the police handled such cases, but the station in-charge officers virtually became mediators in settling the property rows, leading to more corruption.
Way out for mafia
In another case, a gangster from Bangalore South recently threatened a city-based businessman-cum-whistleblower, Farooq Mueen - who helped the Lokayukta nail KGF MLA Y Sampangi in a bribery case - after he tried to help his friend whose land had been encroached. “My friend’s land has been encroached,” said Mueen. “When we approached police, they suggested we go to court since it was a civil matter,” he added.
“On the other hand, the goons have been telling me to stay away from this and calling my friend to approach them for a settlement.”
Taking a note on this, the former police commissioner Ajai Kumar Singh had issued a circular to policemen not to get involved in civil disputes.
But although corruption declined on this front, several gangs, influential people and politicians started to resolve civil disputes as out-of-court settlements, milking the involved parties financially.
Senior police officials said the prevalent system has allowed several ways out for the land mafia, based on their nexus with powerful politicians. If there is a fear of the law coming down hard on them, they foresee an alternative way - what they call out-of-court-settlement - and exploit the parties to benefit themselves the most.
Problem’s root 
The fountainhead of the problem is the real-estate boom and the surge in demand for housing, residential sites. These have become vulnerable to encroachment or even re-sale - without the knowledge of genuine owners/buyers.
The middle class people are the most vulnerable to the operations of land mafia. While Mumbai and Dubai-based underworld dons, whose henchmen were active in the city about a decade ago, used to target vacant land at prime locations, the current land mafia - mostly local land sharks - is eyeing developing areas mainly on the outskirts of Bangalore.
For example, take the case of Maruthi Layout near Chinnappanahalli. The landlord had formed a ‘layout’ and sold all the sites a few years ago. “We bought the residential site five years ago,” says S Subramaniam, a software engineer. “We wanted to commence the construction work, but in vain. He (the landlord) is demanding more money on some pretext or the other. He is asking us to sell the site to him at a price fixed by him. We are not in a position to fight him.”
Buying residential sites owned by joint families has its own hazards. For example, many people who bought sites at A Narayanapura, are being harassed by landlords from Kaggadasapura. “They keep quiet till the site owners commence construction work,” said K Ashok, a real-estate dealer. “They create nuisance at the site if the owners refuse to pay money to them. They claim that the site belongs to them. It has become a business for many people not only at Kaggadasapura but also KR Puram, Ramamurthy Nagar and other areas.”
Recently, more than 100 people residing at a layout near Devasandra were denied access to the main road by the landlord of an adjacent layout. The landlord even damaged the road laid by Bruhat Bangalore Mahanagara Palike (BBMP).
Now residents have to depend on the mercy of the landlord since the person who sold sites to them is now not interested in coming to their aid. “We have become scapegoats between the two landlords,” said a resident on the condition of anonymity.
Mafia effect
Riding on the real estate boom due to the prospect of land rates going up in outlying areas where colossal infrastructure projects are on the line, even established and reputed companies have been found to be allegedly involved in grabbing of land.
Recently, Kirloskar Systems Limited, a city-based leading real estate company, has been accused of grabbing 10.3 acres of land belonging to a backward class family in Hebbala village on Bangalore north division. Sixty-year-old Muniyappa, a resident of Ramachandrapura, Harijan Colony in Yelahanka, has filed a complaint with the Amrutahalli police alleging that the company chairman and other board members of cheating, fraud and forgery on Saturday.
Muniyappa, in his complaint, said the 10 acre and 39 guntas of land at survey number 71, is ancestral property which was granted to his grandfather by the state government. The family is since then using the land for the source of their income and even the land records including Moola Hakku book (the title deed) and relevant documents have mentioned the name of the family members as the land owners.
The incident came to light when Muniyappa went to the jurisdictional sub-registrar office for some work, and found that the company has created and executed a sale deed and even got the land survey done.  The company later got the fresh records claiming that they are the owners of the land, Muniyappa said.
The land in question has neither encumbered in anyone’s favour nor the family executed the sale deed to anyone’s favour, he said in his complaint.
Muniyappa approached the SC/ST legal cell seeking advice and while the matter is pending, the company tried to dispose of the land, after threatening the family members with dire consequences to force them to vacate the premises, Muniyappa alleged.
When Muniyappa approached the jurisdictional police, he was sent back with an advice to go to the court since it’s a civil dispute.
Based on the advice of the police, Muniyappa approached the city metropolitan magistrate who directed the jurisdictional Amrutahalli police to investigate the case, and submit a report


Thursday, 13 June 2013

Cost Of Living in Bangalore - OMG!!!


Cost Of Living
Rent Per Month
Min-Maximum
Rent Per Month
Average
Apartment (1 bedroom) Centre of the City
Rs  11,500.00 
Rs 8,000.00  to   14,000.00
Apartment (1 bedroom) Outside city (10KM+ radius)
Rs    7,000.00 
Rs 5,000.00  to     8,000.00
Apartment (3 bedrooms) in City Centre
Rs   30,000.00 
Rs  21,000.00  to 40,000.00
Apartment (3 bedrooms) Outside city (10KM+ radius)
Rs   18,000.00 
Rs  13,000.00  to 22,000.00

Buy Apartment Price
Average
Price per Square Meter to Buy Apartment in City Centre
Rs   77,673.69 
Rs 55,000.00 to 107,639.10
Price per Square Meter to Buy Apartment Outside of Centre
Rs   37,673.69 
Rs 32,291.73  to  43,055.64

Salaries And Financing
       Average
Median Monthly Disposable Salary (After Tax)
Rs   35,000.00 
Rs 25,000.00 to 50,000.00

The data  (nubeo’s reference) is what we are spending every month, Most of the people will agree with this.

If this is the situation most of us have to just dream about our own house or flat, because we cannot afford for it.
Here we are helping people to find a very good flats at 40% less than the market price,
Dreamz Infra Bangalore are selling flats on this rate.
Book yours to avoid paying reason-less Monthly rent, All must have thought about it but now is the right time for the action.

Here are some links where you can find more info on the same




Read More about Bangalore Property News: CLICK HERE


Read More on Dreamz Infra Bangalore: CLICK HERE

4 Points to remember before buying flats: CLICK HERE

3D view of some amazing Flats by DREAMZ INFRA BANGALORE: CLICK HERE

For Dreamz infra Reviews please: CLICK HERE