Construction Updates of Doyeeta, Rajarhat.

Doyeeta is an apt synthesis of peaceful living & enjoying the feel of living in the city Centre. It is a G+5 stand alone tower comprised of six well designed 2BHK & 3BHK apartments in each floor. It is exclusively equipped with all the basic amenities to serve its residents like AC Community Hall, Lifts, Power back up & 24x7 securities etc. Two automatic lifts & the efficiency of each flat are surely the main attractions of the project.  Being located at Salua behind City Center ll, it is well connected to Newtown, Rajarhat main Road & VIP Road.

USP's of the Project:

•2 automatic lifts.

•Average efficiency of each flat is 26-28%

Distance Chart:

The proposed project is located off Rajarhat road near Salua. The project is 300 meters from 211 bus route. The project is in 5 minutes walking distance from 217B Bus Stand & 10 minutes from Derozio College.

•  1.8 km from Chinar Park more.

•  2.5 km from City Center 2.

•  2.8 km from Haldirams.

•  2.6 km from Kailkhali More.

•  4 km from Airport.

•  2.5 km from the nearest Metro station.

•  2 km from Charnock Hospital - Opposite to Assam Rifle Regiment

In close proximity : Reliance Fresh Kalipark & Zora restaurant.

Amenities: Community Hall, 2 Automatic Lifts, 24x7 water supply, Power backup, CCTV surveillance, Iron Removal Plant

Possession:

Possession will be in Sep 2018

Construction Status:

Construction status of our project Purple Sunflower.

Purple Sunflower is a residential project developed by Red Ant Realty to provide the best opportunity to live into heart of Salt Lake Sec-V (Kolkata’s new CBD) at a very affordable cost. It’s a rare residential abode & perfect example of walk to walk. This project consists of two G+4 towers with well designed smart 2 & 3 BHK apartments ranging between 830 - 1146 sq ft. Purple Sunflower is well equipped with all the basic amenities & facilities to serve its residents.

Here are the construction update of the Project:

Will RERA increase the price of existing projects?

Shveta Jain, Cushman & Wakefield, India answers the real estate queries from our readers.

With the implementation of RERA, I read that buyers cannot expect any new launches. Does this mean that the prices of existing projects would escalate? Should I look at buying a house now in Mumbai or wait for a probable fall in prices? 
Prices may not have an immediate direct impact. It may increase for new launches given the stricter compliance that developers have to adhere to or it may decrease owing to the large amount of inventory overhang in the market.
What you can look forward to is transparent price quotes by developers, timely completion of projects, certified real estate brokers, flexibility of claiming a refund within 15 days of purchase of property, if you are not satisfied with it and most of all, no misuse of money by developers.

Various projects in Ulwe are priced within Rs 1 crore. As it fits very well within my budget, the location is a slight deterrent for my investment decision. Could you please advise on the growth potential of Ulwe ?
Ulwe has gained popularity due to the proposed international airport and is supported by availability of large land parcels. The railway line connecting Uran and Belapur is currently under construction and will connect Ulwe to the peripheral business district of Thane Belapur road.
However, investing in Ulwe is a long term bet as rental returns are dependent on the successful completion of infrastructure.

I currently reside in Hinjewadi Pune and I am relocating to Bengaluru. I wanted some residential options with good amenities such as nearby school, hospitals while also being close to my office location which is Whitefield. Please advise.
Since your office is in Whitefield, which is one of the most promising micro markets of Bengaluru, it is recommended you explore residential options herein. This would help beat the long commutes within the city. Whitefield has an established office, residential projects base along with great mix of social infrastructure.With upcoming Metro rail, Whitefield is self­sufficient.
It is a cluster of several sub locations like ITPL, Brookfield, Hope farm, Hoodi, Varthur, etc.Since the person works in Whitefield, we would advise him/her to choose an option within Whitefield micro market. Every sub­location has a range of options across mid and premium segments so based on your budget the right option can be chosen.

Image Courtesy : www.worldconstructionnetwork.com
Content Courtesy : www.economictimes.indiatimes.com

India to attract $4.2 billion investment in realty sector this year.

MUMBAI: With India emerging as a preferred investment destination, the country is expected to witness nearly $4.2 billion new capital in the realty sector in 2017, says Cushman & Wakefield. 

According to a report titled 'The Great Wall of Money' by the global consultant, new capital available for global real estate investment in 2017 is estimated at $435 billion, out of which India is expected to get nearly $4.2 billion. 
The report states that the total global wall of money in 2017 has fallen by 2 per cent compared to 2016's peak of $443 billion, but is the second highest figure recorded since 2009. 

Read more at:
http://economictimes.indiatimes.com/articleshow/57735690.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Independence day offer for Red Ant Properties !!!!!

What Are Maintenance Charges? And why we should pay it ?????

You get quite annoyed when you see the park in you housing society full of litter. It annoys you, even more, to see the basement, too, is not properly managed and the residents have parked their cars as per their whim and fancy. You rush to complain about the poor upkeep to the management in your housing society. After all, you have been paying a substantial amount as ‘maintenance charges’ through your nose year-after-year.

What is it?

In simple terms, maintenance charge is the money a resident pays for the upkeep of the common areas in a housing society. Typically, common areas in a housing society are all community and commercial facilities and may include swimming pools, staircases, elevators, lobbies, fire escapes, common entrances and exits, basements, terraces, parks, play areas, water tanks, etc. Homeowners in a housing society have to pay an amount periodically for the regular maintenance and operations of these common facilities. In most cases, you have to pay maintenance charges on an annual basis. However, these charges may vary from case to case. Home buyers must read their sale agreement carefully so that they know what kind of money they will be expected to pay as maintenance charges in future.

Why an extra charge?

Many of us, given a choice, would not be willing to part with of money towards maintenance charges. Is it not the responsibility of the project developer to maintain the housing complex? The fact is as the residents of a housing society and as the users of the common areas, it is our duty to pay these charges.

According to the Real Estate (Regulation and Development) Bill, 2016, “every allottee, who has entered into an agreement for sale to take an apartment, plot or building shall be responsible to make necessary payments within the time as specified and shall pay the share of the registration charges, municipal taxes, water and electricity charges, maintenance charges, ground rent, and other charges”.

Is it worth the money?

Apart from the fact that it is legally binding on you to pay maintenance charges as specified in your agreement to sale, an extra payment will also ensure that you are able to enjoy the amenities and facilities provided in a housing society. After all, we all want spick and span premises. It would not make any sense if you buy a house in a project that offers a swimming pool but does not have proper arrangements to allow the residents to use it.

On the other hand, you can also claim tax benefits on the maintenance charges that you pay to the housing society.

Courtesy: www.proptiger.com

Stilt parking spaces can't be sold, say Mumbai officials......

Courtesy : www.apartmentadda.com

AHMEDABAD: Recently a discussion on whether developers or promoters can sell stilt parking space to buyers in a housing society came up in an urban development department meeting. In some of the 2BHK and 3 BHK schemes across major cities in the state, builders were accused of illegally selling space, mentioned as common amenities under the development control regulations, for a fee. 

The officials cited three cases in Mumbai high court on the issue where the stilt parking space is neither being interpreted as a space defined as a 'flat' or a 'garage' as per prevailing regulations. 

"No builder can sell parking space in Maharashtra as the Bombay high court has ruled that a stilt parking space is a common parking space available to members of the housing society," says a senior urban development official. 

"Few years ago, a Supreme Court bench of Justices A K Patnaik and R M Lodha had ruled that builders or promoters can't sell parking areas as independent units or flats as these areas are 'common area and facilities' for the members," adds the official. 

Sources in the urban development authority claim that a special policy on parking for the city is being designed. "In Mumbai we came across that every member is allotted just one stilt parking space. If the member requires extra space he can be assigned the space by the society only if any other member does not need any," says the official. 
Courtesy : www.realty.economictimes.indiatimes.com