Why you should invest in Vatika “The Turning Point"?

Vatika Group is one of the most renowned and trusted developers in India. The company has already delivered several Residential, Commercial, Retail and Hospitality projects. The company has always focused on timely delivery, quality construction and most importantly customer satisfaction. In today’s real estate market, it is very difficult for investors / end-users to trust on developers as most of the projects in Delhi NCR are delayed. Possession has not been offered as per their commitments. To counter these issues and bring more transparency, the Govt. has brought RERA (Real Estate Regulation & Development Act).

Historically, Vatika group has delivered their project timely. The Turning Point is a premium residential project located in sector 88B Gurgaon and is a part of an integrated 300 acres Vatika Express City township. It is very closely located to Dwarka Expressway. The project has great connectivity through NH8, NH8A, KMP and Pataudi Road. This project consists of both High rises, as well as Mid, rise towers. It is important to mention that 80% of the area is open with unhindered central greens in this project. The flat owners will enjoy panoramic views of the park.

It is very important to have retail shops within the project to counter the daily needs of residents. There are residential projects that have not focused on providing retail shops and after possession owners faced huge difficulty to get daily products. The Turning Point has earmarked these shops. Social Gathering is also very important so the company will develop two elaborate clubs in this project – Sports Club & Health Club which will have all the facilities like Swimming pool, Sports facilities, Indoor Games, Kids play area, Restaurant, Multipurpose Hall and many.

Because of current market situation and bringing more trust, Vatika group is providing Vatika shield on this project. The Vatika shield is to protect the investor’s money. As per company promise, if anyone wants to liquidate or exit from this property then the investor can take all his paid money back after 3 years. If there is an appreciation, he can sell in open market or if there is any loss the company will bear it and return all the money to the investor if he wants to. Looking at the reputation of Vatika, this is very lucrative offer provided by them.

The prices are also very reasonable and market justified. The project has 5 sizes of apartments 2BHK having 1150sq.ft, 3BHK has 1450 & 1650 sq.ft and 4 BHK has 1850 & 2150sq.ft apartments. The projects are approved by banks and there is Subvention scheme for the investors. As per this scheme, the investor has to pay 10% now and 80% of the payment will be funded by the bank and rest 10% to be paid at the time of possession. 

        If you are also eager to know more details, you can visit this website and buy your choice of apartment.        

WHY TO INVEST IN TATA HOUSING AT SECTOR-150 NOIDA

Tata Housing was established in 1984 and is a public limited company. Tata Housing is well renowned real estate developer in India. Tata Housing is into the development of residential, commercial properties in Pan India. The company believes in offering the world-class property with maximum returns for their investors. They are recognized for their transparency, quality of construction and high standards of maintenance of properties.

In India, real estate industry is still much unorganized and with the recent decision by Indian Govt to demonetize the higher currency, the industry is set to become much more organized, transparent. To make it more organized and stable growth, the Indian Govt has taken initiatives in the formation of RERA (Real Estate Regulation Act), GST, Benami Transactions (Prohibition) Amendment Act, 2016, REITs.

Looking at the above initiatives by Government, Tata Housing has planned to bring their new project in Sector-150 Noida under RERA (Real Estate Regulation Act). So investors can be rest assured of timely delivery, transparency, quality of construction and high standard living.

Tata Housing has a huge portfolio of delivering many residential and commercial projects in various parts of the country. Company has also ventured at international market like Maldives and planning for Srilanka and other Asian countries. 

Tata Housing is a brand where investors can make blind faith and get assurance of capital appreciation. Company has been recognized at both National and International levels. With more than 700 employees, company is planning to expand their business to Tier I and II cities.

Invest in Sector-150Noida                                                                                                                       

Many developers have already launched residential projects in sector-150 which is a great opportunity for investors or home-buyers to purchase property at reasonable rate in a fast developing area. Undoubtedly, Noida Expressway in today’s time is considered to be hot destination for real estate investment due to infrastructure, accessibility and Delhi Metro.

Sector 150 is spread over 1100 acres of land. A large portion of this area has been designated for real estate infrastructure projects. Noida Authority has allocated approx. 80% of total land bank as Green Area and restricted construction to 20% only. There will be huge 42-acre theme park in this sector which is going to be largest in the country.

 - There is a metro corridor proposed for Greater Noida-Dwarka through sector 150.

 - This sector is surrounded by Noida-Greater Noida expressway and Yamuna Expressway.

 - Several institutions and MNCs like Gautam Buddha University, Galgotia, JBM,  Genesis are located in  

   close proximity.

 - More than 100 Engineering and Management colleges are in the vicinity of 5 Km.

 - There will be a wide road of 75-metre passing through sec-150 from Noida to Greater Expressway

   which will further connect to the Faridabad

 - Mega sports township, sprawling over 500 acres of prime land with 80% green cover is proposed

 - Junction of four expressways – Yamuna Expressway, Noida Expressway, FNG and  Eastern Peripheral

    Expressway

 - Biggest cricket stadiums of India (capacity- 50,000 seats) will be built in the vicinity

About the Project

Tata Housing is coming with a residential project under RERA (Real Estate Regulation Act), which will be first project under RERA. The total saleable area would be around 1000 million sq ft with reasonable pricing. Tata Housing is a huge reputed brand in real estate and this project will foster the huge infrastructural development in the vicinity.

Latest technology will be used which will ensure the timely delivery and capital appreciation. Spread over acres of land, Tata Housing Noida Project is one of the carefully designed projects that are festooned with all the accelerate features of ultra avant gardeera, enable one to sense the individuality as well as character at every end. Hence, tata sector 150 noida projects allows you to lead life more auspiciously in the most comfortable manner witness the most worldwide level facilities allowing you to feel altered from the blissful living.

There will be 3 sizes on offer i.e 2BHK-1100sq.ft, 3BHK-1285sq.ft and 3BHK-1575sq.ft. All the amenities will be provided within the project like Jogging Track, Power Backup, Gym, Club House, Modular Kitchen, Swimming Pool, Cycling Track, Hospital and many more. So, if you are looking for investment, Tata Housing will serve to all your needs.

Please visit www.noidaexpresswaynoida.com for more information on Tata Housing project in sector 150 Noida.   

Demonetization of Money In India affects the Real Estate

DEMONETIZATION ANNOUNCEMENT ON REAL ESTATE

Real Estate is considered as the most effective method to park black money. With the recent announcement of demonetization of higher currency notes, the real estate industry has really shaken hard. Though, it is difficult to measure the immediate effects but its impact has already come in limelight. Already, the real estate industry was into correction mode where investors were backing out and actual end users were coming up to buy residential projects. But now, all the resale deals have severe effect on materialization as buyers are denying accepting cash.

In India, real estate in highly unorganized and to counter this Government has taken several initiative in forming key reforms in this sector like RERA (Real Estate Regulation Act), GST, Benami Transactions (Prohibition) Amendment Act, 2016, REITs. These reforms motive is to bring high transparency and steady growth. Even FDI reform’s has been amended to have transparency and bring new players. 

Now with demonetization, a lot of high value deals will be affected. Traditionally, sale and purchase of properties are involved with black money and cash transactions because of the difference between circle rate and market rate. Obviously, resale of properties will be cumbersome task and will be hit hard. It was highly needed to stop black money component in real estate to make it more organized and transparent. It is inevitable that there will be huge short term pain but in longer run this decision will prove to be highly appreciable by all classes.

High Value properties will see a major fall in resale as payments were made in more of cash component. So, we can expect a 30-40% fall in prices for such properties costing more than 2cr. It means that buyers will have access to luxury living with much wider options available in market. With demonetization of high currency, many investors with undeclared money investing in real estate and were raising prices to make it white will be eliminated and thus will bring huge correction values.

Who will not be affected?

The New Launches or under-construction projects will be less affected. Primary buyers, previously also, had to book a property in cheque and can opt for home loans or other financial routes. Though, supply is already higher than the demand in major cities of India but still it will have less negative impact on new projects. Must mention that the sentiments and behavior will be changed after this decision and one will be very skeptical to buy new property for investment. So, now end-users will have huge choice at lesser prices to buy property at their preferred location. Modi Government next step can be on real estate buying capacity of individuals for which PM has already given signals in his Goa visit. So, investors would want to liquidate their properties. This decision will benefit the End-users to great extent that doesn’t have any cash and buys property through finance.      

The exercise of demonetization was needed from several years but current Govt took the initiative. It’s not only real estate sector but various others sectors are shaken up. In long run, real estate sector will be disease free and will become much healthier, stronger. There is no need to panic or to worry for those who have bought or sold properties legally. Those who have bought properties over their buying capacity or bought in another’s name and paid from their account would worry a lot.     

Overall a huge bold decision to demonetize higher currency will make real estate much organized and will transform into a much corporatized, transparent sector with long term sustainable growth.

Keep in Touch for More News about it.

Real Estate Regulator Bill

THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 IS AN ACT OF THE PARLIAMENT OF INDIA WHICH AIMS TO SAFEGUARD HOME-BUYERS ALONG WITH HELP TO GROW REAL ESTATE INDUSTRY IN INDIA. 

The Rajya Sabha has already passed the Real Estate Regulator Bill. This bill will regulate the real estate sector and bring transparency for both real estate developers and home buyers. Below points are mentioned to highlight important points of the bill.


1) This bill will establish the State Real Estate Regulatory Authority for that particular state as the government body to be approached for any complaints against any real estate builder once every state approves this Act which will establish a state authority on the lines set up in the law.

2) This law vests authority on the real estate regulator to govern both residential and commercial real estate transactions.

3) As per this Act, Developer will have to park 70% of the funds raised from particular project in a dedicated bank account for that project. This step will ensure that developers are no longer be able to invest in other projects from the funds raised through particular project and utilizes that funds for the completion of that project only. It will safeguard the interest of the investors or home-buyers.  

4) Developers will be compelled to be transparent with the buyers as they will have to provide all information regarding layout plans, site plan, approvals by government, land title, completion date with the State Real Estate Regulatory Authority (RERA) and then same information will be provided to consumers. 

5) In today’s period real estate developers sell the area on the Super-built but as per this Act, this method is amended and developers will only be able to charge on Carpet Area. 

6) Many buyers are suffering from the delay of the project as many have taken loans or are staying in rented properties. This Law will bring huge relief to such customers as developers will have to pay same interest as customers are paying for EMI for their loan to the bank. This will prompt developers to complete the project on time. 

7) If any developer violates the order of the appellate tribunal of the RERA, he will be sentenced to jail for maximum period of three years with or without a fine.

8) The buyer will be given the right to demand after sales service from the developer within one year after taking the possession in writing if buyer finds any deficiency in the project. 

9) The developer will not be allowed to make any changes in the building plan or in any plan which developer showed during sale without the consent of the buyer. This move will stop the unethical practice by developers to increase the project cost. 


10) Any project which is measured more than 500 Sq.mt or more having eight or more apartments will have to be registered with RERA.