Archive for the ‘Jaypee Kensington Park’ Category

Impact of Budget 2010 on Real Estate India

Tuesday, July 27th, 2010

According to the Finance Minister, there is one factor that can hold us back in realizing our potential as a modern nation; it is the bottleneck of the public delivery mechanisms. He further stated that the Union Budget cannot be a mere statement of government accounts but has to reflect the government’s vision and signal the policies to come in future. He further recognized that an enabling government does not try to deliver directly to the citizens everything that they need but instead, it creates an enabling ethos so that individual enterprise and creativity can flourish.

Specifically on the housing and urban sector, the Finance Minister proposed three key enhancements viz.
• The allocation for Swarna Jayanti Sharari Rozgar Yojana, a programme designed to provide employment opportunities in urban areas, shall receive a 75 percent increase in allocation, from Rs.3,060 Crores last year to Rs. 5,400 crore this year ( the allocation for housing urban poverty alleviation has also been increased from Rs.850 crore to Rs. 1,000 crore this year)
• The 1 percent interest subvention on housing loans upto Rs.10 lakhs where the cost of the house does not exceed Rs.20 lakhs has been extended for another year – upto 31 March, 2011 and
• The Rajiv Awas Yojana for slum dwellers and urban poor announced last year has received an increased allocation of over 700 percent, from Rs.150 crore last year to Rs. 1,270 crore this year.

On the Direct Taxes, the budget has proposed substantial relief to tax payers by broadening the tax slabs by completely exempting tax for income upto Rs. 1.6 lakh, 10 percent tax for income between Rs.1.6 and Rs.5 lakh, 20 percent for income between Rs. 5 lakhs and Rs.8 lakh and 30 percent for income above Rs. 8 lakh. This broadening of tax slabs is expected to increase the affordability of households substantially and a part of this affordability could feed into housing mortgages.

Further, to provide a one time relief to the housing and real estate sector which has been impacted by global recession, pending projects will be allowed to be completed within a period of 5 years (instead of four years) for claiming a deduction on their profits. Also, the norms for built up area of shops and other commercial establishments in housing projects have been relaxed so as to enable basic facilities for the residents.
While all these proposals have been completely growth oriented and are quite welcome, the budget has also proposed a Service Tax on ‘activity of construction’, thereby impacting real estate developers and the end price which the consumer has to pay. This may impact the price lines negatively. However, taking an overall view of the budget, it is a growth oriented budget and is likely to take the overall economy as well as the real estate industry forward.

Source – India Property News

News of Noida Property Investment Market

Monday, July 19th, 2010

Real Estate is amongst the most flourishing markets in India, these days. This exciting industry is climbing the ladder with an optimistic approach and is expected to cross its own benchmark of Rs 200,000 crore. Besides residential sector, the noida real estate industry has also observed a phenominal boost in the commercial properties. With the launch of renowned residential projects such as India’s First Sports City, Taj Expressway, 3C’s Lotus Panache, the noida real estate industry is surely expected to be the next BIG thing by the end of 2010. On the other hand the Kensington Square and BTTP hold the major stake in the commercial property in noida real estate.

Noida Property Investment witnessed a downstream in the past few years which probably is the factor of prospective investors attracted now to the industry. The recently launched projects in Noida are not only exclusive but also beneficial for the society. India’s First Sports City by Jaypee Greens is one such example amongst the projects launched. This stunning township offers the exotic views and luxury facilities of ICC Cricket Stadium, Formula 1 Racing Track, Greg Norman Golf Course and a lot more. Sports City presents a wide range of commercial and residential properties. The residential properties in Jaypee Sports City include Lake District and Country Homes. This indeed would create new heights of luxuries in Noida Properties.
The lavish green residential apartments – 3C’s Lotus Panache with Asia’s first Net Zero Energy & Geo Thermal Pre-Nursery Lotus Valley School is another spectacular option for property investment in noida. 3C’s Lotus Panache flats in Noida sector 110 presents you an era of new lifestyle with a perfect blend of luxuries combined with the ecstasy of nature. Kensington Heights 2/3/4 BHK Apartments at Jaypee Kensington Park Heights Noida is another excellent option if you are thinking of investing in noida property. Not only this, Noida now gives you even the option of the most elite and stylish residential flats in the form of Jaypee SPA Court. Available in 1800 sq ft and 2100 sq feet these magnificent apartments are surrounded by the globally renowned Sixth Sence Spa.

Green Housing Revolution For Indian Real Estate Industry

Monday, July 19th, 2010

With a view to reduce carbon emissions, the government will soon rope in major real estate developers for voluntary adoption of a set of new guidelines on building low energy consuming green housing complexes. The move is part of the government’s national action plan on climate change. The ministry of new and renewable energy (MNRE) has asked an expert agency set up by it in partnership with The Energy & Resources Institute (Teri) to evolve a set of guidelines on how to build large housing complexes in the most environment friendly and energy efficient way. The new guidelines would include requirements such as meeting about 5% of the energy requirements through renewable sources.

Property News

While development of townships is the mandate of the ministry of urban development and partly, the housing ministry and urban poverty alleviation, the proposed green rating for housing complexes is an initiative of MNRE because it is an extension of the projects it is already doing. Officials from other ministries are part of a technical panel of MNRE dealing with green infrastructure for large development.

Association for Development and Research of Sustainable Habitats or ADARSH—which now gives green ratings for individual buildings, will evolve the new norms for large residential complexes. ‘‘The rating called Griha would be voluntary for builders in the initial few years, after which it could be made compulsory,’’ the rating agency’s CEO Siva Kishan told FE.
The idea is to rope in top five real estate developers to voluntarily adopt the guidelines, which would then set the benchmark for others. The rating agency is now in talks with various developers and the first partnership with a real estate developer may be announced soon, he said. The rating agency is also talking to various state governments for giving incentives to developers to adopt the new norms that would reduce energy consumption and the impact of construction on ground water levels and the environment.

Sourced From – India Reality News

Jaypee Kensington Park Apartments – Now At Prices like Never Before

Tuesday, May 11th, 2010

Splendid with mesmerizing landscaped gardens, broad avenues, Jaypee Kensington Park Apartments is a new residential gated community within Jaypee Greens Noida – Sector 133. This low density residential project offers dedicated space catering to all comforts. These spectacular 2/3/4 BHK Apartments are enveloped in a serene environment, it serves as a perfect blend of all the goodness of nature, along with finest amenities & facilities of resort-style living. Some of the community features include wide open spaces, treelined walkways, parks, clubhouse with gym, party rooms and dining facilities. All these make the Jaypee Kensington Park secure & exclusive community which is also cost-effective in nature.

Jaypee Kensington Park Apartments

Jaypee Kensington Park Apartments Noida

You can choose amongst the variety of sizes i.e. 1050 sq ft, 1450 sq ft, 1500 sq ft, 1525 sq ft, 1550 sq ft and 1980 sq ft.

Project Highlights
• Acres of Landscapes Greens
• Zen Thematic Gardens
• Outdoor Sports Facilities – Tennis, Badminton, Squash, Table Tennis
• Meditation & Spiritual Centre
• Town Centre with Restaurants, Galleries, Convenios and Café’s
• Dedicated Social Clubs, Party Halls and Health Club
• 24 x 7 Power and Water Backup
• 3 Tier Security System
• Gymnasium
• Swimming Pools
• Auditorium, Playgrounds
• Library