Saturday, February 3, 2018

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Sunday, November 23, 2014

DDA Housing Scheme 2014 Results

New Delhi: The wait is not yet over for DDA Housing Scheme applicants as the results of the flagship scheme will take more time to be declared.

The tentative date for draw of the lots for the new scheme, which offers over 25,000 flats across various categories, ranging from Rs 7 lakh to Rs 1.2 crore, was November 05. However, it is now being scheduled for November 10.

Scheme closed on October 15 and has received over 8.5 lakh applications.

The eagerly-awaited DDA Draw of lots for the scheme can be seen online as the housing authority has decided to webcast the entire event.

The webcast would be available for "unlimited" number of online users through a YouTube channel.
Online visitors with partial or complete visual impairment can also easily access Delhi Development Authority's official website as the portal has been made disabled-friendly.

The ‘DDA Housing Scheme 2014’ was launched on September 01 and the last date earlier was earlier decided as October 09 but on account of overwhelming response and intervening festive season, DDA had extended the last date of the scheme till October 15.

The DDA website had crashed within a few hours of its launch on September 01, prompting authorities to upgrade its server to meet the “exponentially increased user traffic”.



DDA postpones draw of lots once again in Delhi


Less than 24 hours before the Delhi Development Authority was to conduct the much awaited draw of lots for its Housing Scheme 2014, the biggest residential scheme till date, the land agency deferred the exercise citing inordinate delay during mock draw. The DDA had on November 14 announced that the draw of lots for the 25,034 flats will start on Monday (November 17) at 11:30 am.
However, on Sunday it announced its decision to postpone the draw without giving the next date. Earlier, the draw was to take place tentatively on November 5, which was then postponed to November 10 and then 12.
“A mock trial of the draw of DDA Housing Scheme 2014 was held today at Vikas Sadan in the presence of honourable judges and senior officers of the DDA. After the mock trial, the Centre for Development of Advance Computing (C-DAC) officials observed that the process has taken a long time to the tune of eight to nine hours...,” the DDA said in a press release.
It attributed the huge amount of time taken in mock trial to “large number of applications (more than 10 lakh), multiple categories of flats (more than four), multiple preferences for locations (34) and multiple reservations (SC, ST, persons with disabilities, ex-servicemen and war widows)”.
The civic agency further said the process needs more time for optimisation of data and the process of draw.
The DDA has called technical experts to check the process and give their opinion to ensure that the final draw does not take so much time and is free of technical errors.
“It was decided to give more time to the technical team, which has been working on the draw for the past 72 hours continuously and, therefore, the draw scheduled for November 17 has been postponed,” it said.
The agency said the next date of draw will be announced as soon as the technical team is ready for the draw.
The scheme is the DDA’s biggest ever housing scheme till date. For 25, 034 flats, the agency have received over 10 lakh applications. Most of the flats are in low-income group.
The land agency has made provisions for live viewing of the draw on DDA Draw Result 2014


Thursday, November 13, 2014

Goa Property Market Lures Investors

Goa's pristine beaches not only attract tourists, but are a haven for home seekers as well. Real estate brokers estimate that residential property in Goa commands high rentals along with good resale value. A well located, sea-facing apartment in Goa can get the owner as much as Rs 1 lakh/ month.

A construction boom has swept all over Goa. Many villas and apartments (on freehold basis) are coming up in the vicinity of Panjim, Mapusa and Calangute beach. Prominent real estate developers have announced some promising projects the city. Big players like DLF and Parsvnath have already launched exclusive residential projects in the city. Along side, builders like Acron (which caters to the select holiday-home buyer group) Araujo Home Makers, Sanatan Financers & real estates Pvt. Ltd have also commissioned some interesting projects in Goa. Real estate developers, Jai Bhuvan, are coming up with six luxury residential projects in Porvorim and Nerul.

Commercial property in Goa is also doing well. The city hosts some of the best five star properties. Small hotels also do good business as a substantial number of tourists flock the city all year round. Pentagon Arcade, by Jai Bhuvan developers, is a prominent hotel space. It includes showrooms (of the size of 120 sq mts and 200 sq mts) on the ground and first floor. Additionally, the developers have grand plans for a lavish conference hall on the sixth floor. Beside this, Sanatan Financers & Real Estate Pvt Ltd are coming up with a luxury resort called Kohinoor at Sirvoi. Another property developer Chowgule Real Estate and Construction Pvt Ltd has plans for a business centre at Miramar

All these facts just endorse that Goa Real Estate segment is already sought after. Areas like Anjuna, Candolim, and Calangate are the new zones of residential property. Soon the legalisation of casinos will bring in more revenue. Goa is about to spark off on the global investment markets. New property projects are launched every other day. Investments are pouring in from local people, HNIs, NRIs and developers and this makes Goa lucrative for everyone.


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Wednesday, November 12, 2014

Real estate: Investment opportunities in Goa

Goa 'the ultimate holiday destination', in recent times is emerging as the pre-eminent investment destination in India.

More than local investors, it's the foreign buyers who invest big time in Goa real estate, says Andrews, a broker source from Goa. The returns from investment in Goa in long term is considered very good. Stamp duty and other property taxes are comparatively low in Goa.

Beside, the tourists are also in the race to acquire their own home in Goa, since hotel industry in the state is booming and thus the cost of staying in hotels is quite high, so the people who visit Goa often are now vying to have their own holiday home in the state.

Adds J Dsouza, real estate broker from Goa, "Furthermore, this can be a good investment option as when they are not on vacation in Goa, they can rent out their property at high prices and can have excellent returns at hand." Moreover, possessing a seaside villa in Goa is a dream for every individual and it spells status symbol.

The cities laissez-faire lifestyle, adds an extra amount of appeal to this captivating destination. Rated as one of the best states to live in, Goa is a very peaceful place with lower rates of population, pollution and crime.

Real estate in Northern Goa is more expensive than the Southern districts of Goa, states Ashok Kumar a property broker from Goa, "South Goa is more at peace with nature and is best known for its scenic beauty, whereas north Goa is more youthful, high on night life and zeal."

He adds on further, "but currently the developments are taking place all over Goa, Southern district may not be that dynamic but it is catching up fast with many big real estate projects underway and quite a handful to be launched soon. The same goes for real estate in suburbs and peripheral areas."

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Saturday, February 15, 2014

5 Warnings Signs That You Should Not Buy That Property

There is nothing like the sad realization that your dream property is not as great as you first thought. Indeed, finding out that you have several thousand dollars worth of home repairs is no one's idea of fun.

While a complete home inspection and a good dose of common sense will help you avoid the worst, there are some things that you should also be wary of. Here are five warning signs to heed before you sign that contract to buy your dream home.

Problems on the inside
Some internal problems for properties are easy to identify, such as termites, damp spots, and cracks in the walls and ceilings. Other problems are equally as serious yet often hidden by the sellers. For example, cracked tiles in bathrooms may indicate water damage, mould that there are ventilation problems, and brown areas that the wiring connection is poor.

Other things to consider include water pressure, sticking windows, pipe and drain leaks, insulation levels, and pests of various kinds. It is best to run through these items like a checklist, seeing which areas you may need to obtain a professional inspection to check.

Problems on the outside
Likewise, there are various external problems for properties that are hidden from the overexcited homebuyer. One crucial element is orientation. For example, if you will be working from home and yet the property's study receives very little natural light, you may want to reconsider. Search best property from below link

Other elements include the condition of the fuse box, signs of asbestos, blocked drains, roof damage, garden watering systems, condition and age of nearby trees, and pollution levels. Once again, when you have done an initial assessment, you can then hire a professional for an official assessment.

Incomplete documents
If you think you can't be a victim of fraud, think again. If you choose to buy your property without having all the necessary documents, you could be in a very dangerous situation, not just financially, but legally and emotionally too. The best bet to avoid such a scenario is to hire a solicitor to help with your purchase. The couple thousand that you may pay is well worth it compared to how much you could lose if you go about it by yourself.

Shady property history
When the property was first built? What was on the land before? Why have there been so many different tenants? If you are unable to find out the answer to these questions, either because you cannot access the information physically or the seller is giving vague answers, thinks twice. There is a high chance they may be trying to cover up a shady past or incident. You are best to avoid such properties.

Unprofessional sellers
Furthermore, if the sellers, whether a person or real estate agency, cannot answer even basic questions regarding the property for sale, you may want to reconsider your purchase. An unwillingness or lack of knowledge in answering questions suggests that either the sellers are hiding something or else not interested in selling the property. You should not pursue such properties further. 


Sunday, February 9, 2014

Lotus Square Noida

Lotus Greens present new luxury homes Lotus Square Residences for the home seekers and its excellent location in sector 98, Noida and it is even close to many other important places like Noida Expressway-8, MNCs hospitals, schools, banks and even close to some other essential places.
The whole space covered 5 towers and 2 of them have 5-star hotel and services apartments and the rest of the 3 consists of 250 approx. apartments and one can have a panoramic view of the city which is so mesmerizing and eye-catchy. So don’t go anywhere as this hot property in Noida is coming very soon, so the property buyers can go for it, as it is a good option for profitable investments.

Location advantages:-
Directly bang on Noida – Greater Noida Expressway
Excellent connectivity from National Highway – 8
Nearby proposed metro station
Few minutes away from Noida Sector 18 market and Film City Sector 16 Noida
Bounded by reputed companies and MNC’s
2 minutes from Mahamaya flyover
Neighborhood with exclusive schools, world class medical facility with hospital and clinics makes you feel at peace.

Ultra luxury specifications and facilities

VRV + False Ceiling
Imported Marble + Wooden Engineered Flooring
With all modern fixtures and fittings
CCTV\’s for common areas
Earthquake resistant structure – zone 4 compliant
Ample parking space
Facility Management

About Author: - I am Ravi Chauhan writes on behalf Lotus Square Noida. Its new residential project that’s offering 2/3 Bhk Luxur apartments for know more about payment plans price list and location map kindly visit http://www.therealestate.in/2014/02/lotus-square-noida.html