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

Saturday, 23 April 2016

Dreamz Infra follows a process of due diligence in its discounted sale offer

The prices have reached the rock bottom! It is of course not true with the rest of the city of Bangalore but it is obviously true with Dreamz Infra. The company today has become the mother of affordable housing in the expensive real estate market of Bangalore. The company has started small but it has already completed more than four projects and has housed more than 300 families with more than ten projects which are on the verge of completion. The company has of course moved into large scale production and thus it is able to give you flats at the prices which are way below the market rates and at least 40 percent lower than the prevailing prices. 
The company is really a marvel for those who has already availed flats at such prices. There are more than 300 families already who are enjoying it at a price unimaginable by anyone in Bangalore. But people are still skeptic when they see and compare the prices of Dreamz Infra with other real estate companies. They wonder how this is possible. If it is at all possible then there must be something wrong somewhere. That is quite obvious feels the marketing wing of the company. That’s the reason Dreamz Infra has designed a procedure for removing the doubt of the prospective customers and instill confidence in them. The prospective customers can do a due diligence thoroughly about the company and meet the past customers. They can also meet the sales executives at the office of Dreamz Infra and then go and visit the under-construction properties and see and inspect the construction process. Only when you are satisfied can you go for the decision of buying a flat or an apartment. Dreamz GK can also assist you in all terms and get you a loan and provide all the assistance to procure a home loan. The prices of the company, says the sources are the lowest now and they are into mega sale of apartments. Don’t worry if you are thinking about location. The company has flats and apartments all over the city. Be it J P Nagar, Hosa Road, Silk Board, Marathahalli, Hormavu or any other place you 

Friday, 27 June 2014

Dreamz Infra Builders at Bangalore’s Biggest Home Fair

Dreamz Infra is a brand now in the residential construction market for providing affordable apartments in Bangalore. Dreamz Infra is constructing more than 30 plus projects across Bangalore in all major locations like Marathahalli, Horamavu, JP Nagar, Silk Board, Electronic city, Whitefield, Koramangala etc.

Dreamz Infra at Bangalore Home Fair

This weekend ie 28th and 29th of June 2014 TGS Property is conducting Bangalore’s biggest home fair “Home Sweet Home” Area wise home fair. The home fair is conducting on 6 locations.

Horamavu
Marathahalli
Sarjapur Road
Silk Board / HSR Layout
JP Nagar
Electronic City
Mysore Road

Dreamz Infra is also having 1 stall in all 6 locations of ‘Home Sweet Home’. Dreamz Apartments prices starts from 11 lakhs for 1 BHK apartments, 15 lakhs rupees for 2BHK apartments, 21.75 lakhs rupees for 3BHK apartments.

Visit Dreamz Infra Silk Board office, if you're looking for
Apartments for sale in Bangalore within 15 lakhs
Apartments in Bangalore between 15 to 25 lakhs
Apartments in Bangalore between 25 to 35 lakhs

Hurry up!!! Utilize this biggest opportunity to book your dream home.

For more information about Dreamz Infra Projects and Customers reviews, visit our Website. To participate at customers discussion click: http://abusedreamz.blogspot.com/2013/06/abuses-complaints-feedback-reviews-and.html

Friday, 6 June 2014

Dreamz Infra Half Price Home Fair at SilkBoard

Dreamz Infra one of the best Real Estate / Construction Company in Bangalore. Dreamz Infra has completed 3 years in Real Estate Sector. In these 3 years Dreamz has served more than 3000 customers across Bangalore, if you want to ask any queries or feedback from Dreamz Infra Satisfied Customers Please go through the link ‘Dreamz Infra Reviews’

Dreamz Infra Half Price Home Fair - Dreamz Infra Reviews

On this weekend Dreamz Infra is conducting “Half Price Home Fair” for those who tried to visit but we could not accommodate due to heavy rush. One more chance on 7th & 8th June for those who missed last time! Free cab pickup and drop facility available.

Some of Dreamz Infra Projects Status
  • Dreamz OM [SilkBoard] – Completed (100%)
  • Dreamz NAMAHA [SilkBoard] – Completed (95%)
  • Dreamz SHIVAM [SilkBoard] – Completed (100%)
  • Dreamz SIDDHI [E-City] – Completed (85%)
  • Dreamz SUVIDHA [Sarjapur Road] – Completed (85%)
  • Dreamz SNEH [Marathahalli] – Construction Full Swing
  • Dreamz SAMHITA [JP Nagar] – Construction Full Swing
  • Dreamz SANGAM [SilkBoard] – Construction Full Swing
  • Dreamz SAMPOORNA [E-City] – Construction Full Swing
Follow Dreamz Infra Official YouTube Channel ‘Dreamz Infra Review’ to watch Existing Customers Video reviews and their feedback about Dreamz.

Follow Dreamz Infra Blog http://abusedreamz.blogspot.com/ for regular updates and project queries.

Saturday, 24 May 2014

Dreamz Infra Extraordinary Offer

Dreamz Infra is top most Real Estate / Residential Construction Company in Bangalore. Dreamz Infra is 3 years old company, in these 3 years of time they achieved many milestones in terms of Quality Construction and Customers Satisfaction. On Every weekend Dreamz Infra is providing some extra offers / discounts on their Flats / Apartments in an around Bangalore.

This week i.e 24th & 25th May 2014 Dreamz Infra is offering extraordinary offer called “Penalty & Rent Compensation also Home Loan Interest Paid by Dreamz Infra in case of any delay!!!

Any Time Quit Option is also available if buyer is not happy with speed of construction or quality, Dreamz Infra will pay your advance back with 18% Interest*

Dreamz-Infra-Reviews-abusedreamz
Dreamz Infra Extraordinary Offers
 Dreamz Infra came up with few Flats with Guaranteed Possession date!!!

Dreamz Siddhi at Electronic City – 2BHK @ 28.75 Lacs & 3BHK @ 38.50 Lacs, 03 Months* Possession
Dreamz Suvidha at Sarjapur Road – 2BHK @ 40.50 Lacs & 3BHK @ 50 Lacs, 03 Months* Possession
Dreamz Sangam at Silk Board – 2BHK @ 24.50 Lacs & 3BHK @ 34.50 Lacs, 09 Months* Possession
Dreamz Samhita at JP Nagar – 2BHK @ 36 Lacs & 3BHK @ 49.50 Lacs, 15 Months* Possession
Dreamz Sneh at Marathahalli – 2BHK @ 30.25 Lacs & 3BHK @ 38 Lacs, 18 Months* Possession

Participate on discussions with our existing customers or give us your valuable feedback and suggestions at Dreamz Infra Reviews

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.

Tuesday, 26 November 2013

The Lake View Properties are Making the Sensation in Bangalore

If one was to give little attention to the property hoardings that rule the Bangalore cityscape, one would find that real-estate developers would make us believe that they were setting up a humid heaven in the suburbs. This is primarily due to the fact that they make maximum usage of the words such as 'lakefront', 'lakefacing' and 'lakeview'. The images too that go with them are that of a father and son fishing in a stream and so on. It is believed that the lakes were an inherent part of a centuries-old system of waterbodies. This is presently getting chocked due to excessive urban development in Bangalore.

It is believed that the realtors are selling such studios as 'lakeview' properties. The name just remains though the lake itself is gone. There have come up many groups in the city which are seen fighting for the renovation of the lakes. And most the efforts to revive the dying lakes have borne the fruit of the labor.

The city had approximately 270 flourishing wetlands or lakes in the 1970s. Moreover, the Bangalore city’s exclusive surging landscape permitted the development of natural trenches where water was collected and compound ecosystems arose. The people who resided around them needed them for their day to day livelihood.

Apart from this, the lakes also provided drinking water. Hence, extreme care was taken about them. However, as the city grew and spread, it was seen that the farmlands in those places was sold as residential plots or SEZs. With this, the catchment areas shrank. It also saw the lakes drying up with some of them turning into drains and marshes.

2008 saw the BBMP make a list of lakes to revitalize. BE Satish, a government officer, chief engineer of lakes at BBMP, listened to the citizens of Kaikondrahalli crowd and acknowledged their suggestions and ideas. Another prominent step that he took was to scrap the agency's idea to start a landscaped garden and boating amenities in the lake around it to reserve the varied ecosystem.

The conservation group made sure the lake reserved some of the uses it had maintained previously. They included a (a small tank), kalyani, wherein people could perform immersions and religious rituals. Moreover, a non-profit organization, United Way Bengaluru, has funded the upkeep of the lake which has 'adopted' 11 other lakes also in the city.

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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, 12 August 2013

Reviews on NRI's Indian Real Estate Investment Portfolio Future



Imagine a non-resident Indian (NRI) who shifted money to India two years back when the exchange rate was Rs.44 to a dollar. The Indian rupee has depreciated to Rs.59 per dollar now, leading to a staggering loss of 34%. On the other hand, in the last two years, equity markets have been almost flat, fixed income investment would have grown by 20%, while real estate investments may have appreciated around 25%. The net result is negative return on the investment in almost each asset class. So should NRIs invest in India now? To examine this issue better, we should break the problem into four parts. How is the long-term scenario of the Indian rupee vis-à-vis other currencies? Which are the asset classes that an NRI should invest in? What kind of tax regime is there in the source country? And finally, what is the time horizon for investments?

The currency aspect

The long-term depreciation of the Indian rupee vis-à-vis the dollar has been quite consistent, except for 2000-2009. Because of the differential in interest rates and inflation, the Indian rupee has been consistently depreciating against the dollar. Therefore, assuming that this differential may persist even in the future, one may assume a 2-3% annual depreciation of the Indian rupee over the long term. Of course, the current scenario is more volatile and uncertain because of the global volatility. The dollar has been appreciating against all emerging market currencies. The Indian rupee has been punished more because of the fragile state of our current account deficit. With the possibility of an end of monetary easing or QE3, the dollar may strengthen considering that funds could move out of emerging markets into the US, where interest rates are likely to harden. Therefore, it could make commercial sense to wait for 12 months or so before committing fresh funds to India.

Future prospects of assets

Real estate: As an asset class, real estate has been immensely popular with NRIs in the last few years and rightly so. On an average, a 10-year investment has multiplied the money 6-10 times, irrespective of which part of the country you invested. The market is still holding on to the prices and also seeing moderate appreciation. However, it is highly unlikely that it would generate similar returns in the next 10 years. With the kind of supply that has been built over the past few years combined with astronomical price levels, a significant correction in the near future is highly probable. Therefore, unless one comes across a property or an area that is extremely attractive, real estate is an avoidable asset class.
Fixed income: This asset class has done exceptionally well in the last 2-3 years. With interest rates having reduced a bit, long-term debt funds have given healthy double-digit returns. In order to attract NRI remittance, the government has also removed tax on non-resident external or NRE fixed deposits, making them attractive for conservative NRI investors.

Equities: 

For an investment horizon of 8-10 years, equity markets look to be the best investment destination currently. The Indian stock markets have been almost flat for the last six years after the peak of January 2008. The macro picture of the country has also taken a beating with slowing growth rates and corporate performance. However, experts believe that the gross domestic product or GDP growth rate should bottom out in the next 12 month or so and then start inching upwards. With elections due next year, there could be accelerated policy action from the government so that it leaves behind a positive legacy. Global uncertainty should also even out in the next few years. It has been historically proven that the best time to invest in stock markets is when there is confusion and uncertainty all around. Unfortunately or fortunately, Indian stock markets are getting battered because of both local and global factors. There is high probability that the markets may rally significantly in the next 10 years. To put simply, the earnings growth of the companies comprising Sensex or Nifty is going to be at least above 12%.

Taxation for NRIs play a very important role. For US-based NRIs, investing directly in the stock market or through portfolio management service or PMS is more tax efficient than going through mutual funds (MFs). For NRIs in West Asia, who enjoy tax-free income, MFs are the best choice because of long-term capital gains benefit.

To sum up, one should be wary of exchange rates in the immediate future as the global scenario is volatile. But long-term investment scenario in India is promising.

Source: http://www.livemint.com/Money/bIquLLaUzzCwwY7dekFXCM/Longterm-investment-prospects-still-bright-for-NRIs.html

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


Tuesday, 23 July 2013

Remodeling of kitchen - A New Technology By Dreamz Infra


Kitchen remodeling and designing needs good planning and patience.  It includes taking a few decisions that will help one to make them comfortable while cooking.  If one uses the kitchen fully, then they will need a scheme which includes larger cabinets for groceries, cutlery and crockery. For better maneuvering around the kitchen and doing the actually eating, all the kitchen utensils should be placed strategically.

http://www.dreamzinfra.com/flats-in-bangalore/dreamz-swadesh/

 More Designs for Height adjustable kitchen Click here
“L” shaped kitchens provide more work space and storage area, walking distance is minimized and corners of the kitchen can serve as the dining area.

“U” shaped kitchens on the other hand have the most work space and storage area, and less floor area.  If one is having good sturdy and spacious kitchen cabinets, then they could simply freshen up there look with a coat of paint or may be with new cabinet doors.

They should start by choosing the right colour for their kitchen cabinets; the key is to stick to one colour theme.  A predominantly neutral kitchen would also have a few splashes or colors in the form of new cabinets or new model appliances.
One can opt wooden flooring for homier and warmer feel, or they can completely get custom ceramic tiles for practical and functional kitchen flooring and counter-top.

Dreamz Infra has also accustomed this custom kitchen design for the flats, considering Indian women and their age old trouble while cooking. Back pain for the same is not a new trouble which they have been acquainted all long.
Considering all the facts and a need to change the conventional kitchen design, Dreamz Infra has incorporated Height Adjustable kitchen floor technology. Were the kitchen floor would have height adjustable mechanism for easy kitchen top access and taking the cooking experience to all new level.
dreamz Infra
Height Adjustable Kitchens By Dreamz Infra
 More Designs for Height adjustable kitchen from Dreamz Infra Click here