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Have Developers Been Ignored?

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Have Developers Been Ignored? HINDUSTAN TIMES, NEW DELHI, SATURDAY SEPTEMBER 24, 2011 htestates09 Pick of the week Last week: Next week: PROJECT: Orris Aster Court Noida and Ghaziabad RENTAL AND CAPITAL VALUES Gurgaon and Dwarka Premier Where: Sector 85, New Gurgaon This week: SOUTH AND NORTH DELHI What: 3 BHK+ servant and 4BHK + Type Rental Capital Type Rental Capital servant apartments, areas are Area (BHK) (in R/sq ft) (in R/sq ft) Area (BHK) (in R/sq ft) (in R/sq ft) 1970 sqft and 2410 sq ft, SOUTH DELHI: Luxury NORTH DELHI: Luxury respectively Anand Lok 2-325-39 29000-38000 Ashok Vihar 2-320-25 23000-28000 USP: The unique feature of this Anand Niketan 2-327-37 30000-38000 Civil Lines 2-316-20 14000-20000 project is that it has only two Delhi University 2-315-19 12000-18000 Asiad Village2-3 23-35 22000-31000 apartments on each floor Gujrawala Town2-3 17-21 15000-23000 CR Park 2-317-25 15000-19000 that are four-side open. It is Chanakya Puri 2-314-2412000-24000 Hudson Lane 2-318-23 17000-23000 located close to NH-8 and Defence Colony2-3 27-4029000-39000 Kamla Nagar 2-314-16 12000-18000 60 mtr wide road, club East Of Kailash 2-319-25 16000-29000 Model Town2-3 19-25 20000-28000 with swimming pool, etc Paschim Vihar2-3 17-22 19000-28000 Friends Colony2-3 22-36 22000-27000 Pitampura2-3 17-22 15000-25000 Geetanjali Enclave 2-317-25 16000-21000 Prashant Vihar 2-316-20 18000-25000 Cost: Basic Sales Price starts from Greater Kailash 2-323-31 20400-28000 Punjabi Bagh 2-311-14 8000-11000 R4000 psf Green Park 2-318-33 19500-27000 Saraswati Vihar 2-317-31 25000-38000 Gulmohar Park 2-319-32 18000-22500 Projects completed by this developer: Shakti Nagar 2-316-20 17000-25000 Hauz Khas 2-317-31 18000-25500 Shalimar Bagh 2-315-18 13000-20000 Orris HQ and Aster Court, Business Hemkunt Colony2-3 17-29 20000-26000 Shastri Nagar 2-314-19 16000-20000 Square, Floreal Towers and Carnation Jangpura 2-319-30 17000-20500 NORTH DELHI: Mid-segment Residency are under construction Kailash Colony2-3 16-25 15000-25000 Adarsh Nagar 2-38-9 5000-7000 Kailah Hills 2-315-30 13500-22000 Azadpur 2-38-105500-7000 Broker byte Learning with Estates | Realty jargon made simple Maharani Bagh 2-322-37 24000-35000 Derawal Nagar 2-38-117200-9800 New Friends Colony2-3 22-35 24000-30500 Dr. Mukherjee Nagar 2-39-108000-9500 Dwarka is located in Kalyan Vihar2-3 9-10 6200-8300 DESTINATION distributed to shareholders SOUTH DELHI: Mid-segment South-West Delhi. RETAILER Kashmere Gate 2-39-117000-9000 Alaknanda 2-312-18 8000-10000 Retail markets where cus- DIVIDEND YIELD Arjun Nagar 2-313-19 6000-9500 Kohat Enclave 2-38-116500-7500 It has seen tremen- tomers will make a special trip, Absolute returns expressed as a Lawrence Road 2-36-8 3000-6000 percentage of total investment Aurobindo 2-315-18 5100-7000 even if it entails going out of Madhuban Chowk 2-38-105500-7000 dous developments their way Badarpur 2-39-153500-4800 DIVISION WALL Mahendru Enclave 2-36-8 3500-5300 Dhaula Kuan 2-38-135400-6300 in the real estate DISCOUNT RATE A wall that separates two build- Malka Ganj 2-38-107300-9500 Gautam Nagar 2-310-15 5000-7000 The rate adopted to factor the ings or rooms North Campus 2-38-127600-9300 sector with realty time value of money on future IGNOU Road 2-312-15 3500-7500 DOUBLE GLAZING Pushpanjali Enclave 2-39-117300-9500 cash flows. The rate could be A window having two glass Jasola 2-310-16 8000-10000 Rana Pratap Bagh 2-37-106100-8300 prices touching an adopted by making reference to panes with air in between for Kalkaji 2-39-177600-12500 the cost of capital or the Rani Bagh 2-38-107000-8500 all-time high. improved thermal and sound Lajpat Nagar 2-310-20 9000-12000 opportunity cost of the Rohini 2-39-129000-11500 insulation investment capital Malviya Nagar 2-39-157500-12000 Rohini Sector 5 2-39-116200-9000 The suburb of Source: Cushman & Wakefield’s Masjid Moth 2-310-14 6500-8800 Rohini Sector 11 2-37-106000-8800 Dwarka is planned DISCOUNTED CASH India Real Estate Dictionary. All Munirka 2-319-17 7000-10000 Rohini Sector 142-3 9-11 7000-9500 FLOW ANALYSIS definitions included in this list SOUTH DELHI: Budget Rohini Sector 22 2-38-126800-9800 to accommodate the housing needs of urban India A method of computation to are for general use only and arrive at the present value of Aaya Nagar 2-37-9 3000-3800 Roop Nagar 2-39-118300-9800 should not be used for any legal cash flows that are expected in Sukhdev Vihar2-3 9-13 7800-15000 and so, every residential society is designed as a purposes Begam Pur 2-36-8 2500-4000 future Chattarpur 2-36-8 2400-3600 Vijay Nagar 2-39-127200-9800 self-contained community. Dwarka possesses the Govind Puri 2-35-9 2700-3300 NORTH DELHI: Budget DISCOUNTING A method for reducing the Khanpur2-3 8-11 2200-3100 Bawana 2-35-8 1700-3200 right mix of urban planning, environmental design, Bhaddurgarh 2-37-9 2800-3500 future cash flow to Khirki Extension 2-38-123500-4200 account for the time Bhilswa2-3 6-72300-3400 aesthetic and recreational facilities. It also has a Ladosarai 2-38-102500-3800 value of money Burari 2-36-8 2400-3200 Mahipalpur2-3 7-13 3500-5200 lush green cover. Being a planned city, it is con- G T Karnal Road 2-36-8 2000-2900 DIVIDED Mehrauli 2-36-113400-4700 Jahangir Puri 2-37-103500-4800 gestion-free, has well-planned townships, open INTEREST Neb Sarai 2-37-102900-3600 The interest of Kundli 2-35-7 1900-2800 spaces, wide roads, big market places and no different people, like Okhla 2-39-113500-3800 Narela 2-37-9 2800-3600 Palam Colony2-3 7-9 3500-4400 the owner, tenant, Pratap Nagar 2-36-9 2200-3200 parking problems. It is located close to IGI airport, mortgage holder, etc, Savitri Nagar 2-38-9 3800-4300 Rama Nagar 2-37-9 2900-3800 in the same property Tughlakabad 2-38-14 3200-5000 Sant Nagar 2-37-9 2800-4200 Dhaula Kuan and Gurgaon DIVIDEND Vishvakarma Colony2-3 7-12 2800-3700 Timar Pur 2-38-103800-6500 —Sunny Grover, Properties Gulati A share of income that is Since the above information is gathered from various sources, HT Estates does not take responsibility for any omissions or errors. THINKSTOCK Readers are requested to do a thorough check while searching for properties. The list is not exhaustive SOURCE: MAKAAN.COM cut out and keep Have developers been ignored? htestates LAW BOOK Sunil Tyagi Though the Real Estate (Regulation of THINKSTOCK Development) Bill will be a boon for buyers, it fails to address many other concerns Vivek Kohli an opportunity missed. For htestates the developer, it would mean he Central government that the minimum time recently released a LEGAL REMEDIES required to obtain ade- Trevised draft of the quate public expo- much-discussed and keenly and provide details which are sure for its new anticipated Real Estate accessible to potential buy- projects is limited. (Regulation of Development) ers, before undertaking a real In a space crowd- Bill, 2011. It’s aimed at regu- estate project. This condition ed with numerous lating and fostering planned is clarified to provide for sep- offerings, the development and growth of arate registrations for each developers will the real estate sector in India phase of a project that has have to compete whilst protecting the interest multiple phases. While this even harder, and of buyers. The bill envisages condition may appear to pro- in a limited time to the creation of a real estate mote a transparent mecha- stand out and attract regulatory authority, which nism for dispersal of informa- buyers. standards among developers, contractors, agents, brokers shall supervise transactions tion to potential buyers, it If the developer fails enhancing timely completion etc. between the developer and may be time-consuming and to give possession of the unit of projects, and creation of an The bill will definitely be I received possession of my flat such creation of an equi- the buyer as well as the cre- could delay the project. by the time specified in the project, his entire investment environment of faith among good for buyers, but it has in a housing project booked in table mortgage by simple ation of a Real Estate The authority shall also buyer’s agreement (or any shall be refunded to him buyers. failed to provide solutions to 2009. However, the carpet area deposit of title deeds. Appellate Tribunal for have the power to cancel a further date agreed by the along with interest at a rate Among the major differ- developers. They have prob- of the flat is lesser than the However, if you are execut- speedy adjudication of dis- developer’s registration, parties), it shall be liable to as may be specified by the ences between this bill and lems obtaining timely measurements which were ing a written instrument putes between the authority, either of its own accord or refund amounts paid by the authority. the draft released in 2010 are approvals from competent originally contained in the with the lender, which stip- developer and buyer.
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