Hiranandani upscale, a Mumbai developer Hiranandani Group, is learned to have bought 135 acres in Bangalore, Hyderabad and Chennai for Rs 800 crore. According to a person involved in the transaction, the agreement was signed last month between Hiranandani upscale and three vendors in these cities. “The three parcels of land comprising 80 acres in Bangalore, Chennai 35 acres and 20 acres in Hyderabad,” said the person. Hiranandani Upscale development plans in these cities, townships at a later date.
The sale of these parcels have been on a farm and Hiranandani premium payment would be in three installments. It is estimated that the company has paid an initial amount (token money). Asked about the deal, Surendra Hiranandani, Managing Director, Hiranandani Group Hiranandani upscale and confirmed to ET the company plans to launch new projects in South India, but refused to share accurate data on trafficking .
It is learned that the company would raise funds for the operation through private placement to a special purpose vehicle (SPV) level. According to the same person involved in the case, Hiranandani upscale is in talks with four private equity players – three foreign and domestic – to increase fairness in the development of these projects. Mr. Hiranandani said: “We are not able to share information, but can only confirm that we are talking to some players for an EP to a SPV. Hiranandani upscale is an unlisted company, and will focus on projects outside Mumbai, with plans to enter the market in northern India at a later stage.
The Hiranandani group has plans to develop townships in the three cities on the outline of his plan Powai in Mumbai. Projects in the three cities will focus on the highest income group. It is reported that the projects will begin in two years and could take three years for completion. The operation is important because there are not too many great deals that take place in the real estate sector now. In the recent past, the offers have largely taken place in Mumbai. Last month, DLF sold its stake in its plot MIDC Andheri-Mumbai Rs 200 crore, while in May, DLF has also sold its stake in a property, also in Mumbai. The number of transactions has fallen as a result of the economic slowdown and liquidity.
The new law will allow anyone who has made an investment in property in the emirate to receive a full refund if a property developer fails to deliver an off-plan property on time. Other occasions in which investors can request to be compensated include breach of warranty and fraud.
The plans for the new law came to light in June when a draft was published. This early version of the law has undergone amendments after a consultation process. Majida Ali Rashid, director of planning and organisational development at DLD, explained that the public and interested parties, which were included in the talks, brought several suggestions to the table.
Boost to investor interest
The final version, which is now being drawn up, will ensure that interested parties are less exposed to risk when it comes to investment in property in Dubai. With the new law, investors receive extra protection in situations where they have suffered from a developers inability to keep the terms of the agreement. This will most probably give a boost to Dubais property market, aiding the recovery which has recently been seen after the market crashed in
2008 following the global economic crises.
Dubai is a country which has attracted serious global interest for investment in property. Over the last decade the country has launched some of the most ambitious infrastructural and development projects in the world such as Dubai Marina, Jumeirah Lakes Towers, Palm Jumeirah and The World Islands. These and other projects have had property investors salivating. According to the emirates Real Estate Regulatory Agency (RERA), Dubai is currently home to 3,094 registered real estate brokers. Nearly 50 percent of this number comes from UAE (620), with Indians (438) and Pakistanis (428) also well represented. Britain comes fourth with 304 brokers.
And with the new protection measures Dubai will become even more attractive destination for property investors across the world, creating a safe and fertile ground for whatever spectacular project developers in the emirate dream up next.
If you really want to save money on your furniture purchases, why not buy used? You don’t have to get old, cheap items when you purchase something that’s not new. There are many used and consignment stores where you can get beautiful things that will last for a long time, and that match your dcor. You just have to spend some time looking around. Often, you can find something great in the most unusual of places.
Where to Get Great Items
Consignment shops and stores that offer quality used merchandise are always good places to look for bigger items to furnish your house. You might also want to consider places like yard and estate sales, because you can get great deals there. Moving sales are a good choice, as well. People want to get rid of their big, bulky items so they don’t have to take as much with them. It’s a chance for them to start fresh, and it gives you the opportunity to get items that have been taken care of and that are good quality. Of course, if you’re looking for something truly specific you can always run an ad in the paper to see if someone has what you’re looking for – and is willing to sell it.
How Much Should You Spend?
Your budget is just that: yours! Make sure you don’t overspend on furniture, because it can depreciate in value very quickly. By purchasing used, you’ll be avoiding a lot of that depreciation that you’d have to deal with otherwise. It’s a good way for you to get something you really like at a price you’re comfortable with. As to how much you should actually spend, that will depend on a lot of factors. Some people just have bigger budgets than others, of course, but it’s also possible to stretch your budget just a little for something that is of such high quality and value that it will last you a lifetime.
Quality is Very Important
The one thing you need to be sure of when you’re buying your furniture is quality. If you don’t have quality items they aren’t going to last you very long and you might have to replace them more often. That can cost a lot more money in the long run, so it’s always better to get something that isn’t going to fall apart or need repair or replacement too quickly. Overall, brand names are something to look for, as is real wood as opposed to pressed board.
Perception is the most important thing for making any decision. And, when it comes to buy a residential property, people always go with it. Modern age residential societies are being developed keeping in mind the perception of people towards living. One can see high-rise residential township and low rise vials, which means there are different kinds of perception. Some people want to enjoy their life amidst high density residential township. However, others aspire to live away from the noise and crowded locales. ATS Realty, a renowned real estate company, has been developing world class residential projects since a long time. It is now mastered in real estate construction and develops every project with innovative style. Recently, this company has launched a high-rise residential society with the aim of catering the growing need of apartment living in Yamuna Expressway.
A large number of home buyers in Delhi-NCR region are constantly searching for a place where they can get a feel of colonial living. ATS Ellur will fulfill this demand of people. This mega residential society boasts of high-rise towers in which luxuriously carved 2 and 3 BHK residences have been built on the respective land area of 1150 square feet and 1350 square feet. Moreover, a number of exotic features including international standard club house, restaurant & caf, multipurpose hall etc, help people in enjoying their life with great ease. Life here enjoys great freedom and luxury that can’t be experienced at any other residential society. Its establishment at Yamuna Expressway makes it easy for the people to reach any important place of Delhi-NCR. Delhi’s IGI Airport, Lajpat Nagar, South Ex and Noida’s City Center Metro Station are hardly 20 to 30 minutes drive away from here.
Besides Yamuna Expressway, other major road transits of NCR including Noida Expressway, DND Expressway and Greater Noida Expressway are located in the close vicinity of ATS Ellur Noida. Construction of entire building is being done as per the architectural design prepared by renowned architects. Strong structure of building provides safety to the residents from low intensity tremor of earth quake. In addition, its eco-friendly features help in environment and energy conservation. People will enjoy excellent neighborhood of prominent educational institutions, hospitals, industries, shopping arcades and other exotic places, while staying at this newly launched residential society. Furthermore, as a privilege resident, they can avail state-of-the-art facilities, such as 24X7 security, quality maintenance, constant water supply, complete power backup, swimming pool etc.
There are several waterproofing contractors in Reading that you can hire to work for you. As you look forward to hire some, you have to consider important questions if you want to get good services from them. Even though you will want to compare many contractors before they start working, this procedure is crucial when dealing with waterproofing Reading contractors.
As you speak to them, the first checklist point is whether the contractor has a license. This must be coupled with the question of insurance. Under normal conditions, accidents may occur. It can be extremely costly if you hired a contractor who is not insured.
Even in cases, where the license or permit is not important, insurance still becomes a very important security for you. Another checklist point is the experience level of the person whom you are about to hire. It is very risky to work with people who have no experience, unless you do not care much about your work.
A company that has existed for several years doing the same thing has a higher level of competence at work. They also offer more assurance in terms of security which is a recipe you must consider as you look for contractors. Once you know the experience level, you come to the question of referees.
Your contractor should have enough and reliable referees. People who are referred by many former customers are more reliable. Find out more about the contractor from the referees before you start working. Ask about their work, competence and how timely they are.
There are other checklist points that you may have to consider when hiring waterproofing Reading experts. Ask yourself why you are choosing or proposing a specific contractor. You also need to consider the end result of their work. Things like warranty as well as guarantee are very important for your work. It should be a guarantee that all will be well.
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