All posts in GENERAL AWARENESS

Undeterred by stiff opposition from private developers and builders, the Union housing ministry is pushing hard to bring the real estate regulator bill — aiming to protect homebuyers — in the current session of Parliament.

Housing minister said on Sunday that the bill was expected to be soon brought up before the Cabinet for its consideration before being introduced in Parliament.

The government is looking to set up a tough regulator for the realty sector. The bill is expected to have provisions of even jail terms for developers if they put out misleading advertisements about projects.

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Bill to be introduced soon aims to protect homebuyers by setting up tough regulator Provisions of even jail terms for developers for putting out misleading ads Regulator to ensure every project is registered and has all required clearances

Bill: No housing ad before plan nod

It will be interesting to see if the legislation, which has been pending since 2009, becomes a reality before the 2014 general elections.

The consumer-friendly law was again returned from the Cabinet after objections were raised by some ministers. The legislation will clearly define ‘carpet area’, and private developers will not be allowed to sell houses or flats on the basis of ambiguous ‘super area’ .

A real estate regulator in every state will ensure that private developers get all projects registered before sale of property and after getting all necessary clearances — addressing a major concern of buyers about incomplete or fraudulent land acquisition and pending clearances.

The bill has proposed builders would not advertise or start a housing project before getting all necessary clearances and reporting before a real estate regulator.

The developers cannot collect any money from buyers before completing all necessary permits to start construction on the project.

The minister said builders wouldn’t be allowed to use pictures of housing projects in foreign countries to lure buyers while advertising a project . They will have to use pictures reflecting the actual project which will be delivered to homebuyers.

Source: The Economic Times, Delhi/NCR

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ABOUT AHMEDABAD PROPERTY – AN OVERVIEW

 

Ahmedabad is the commercial capital of Gujarat and one of the rapidly growing tier II cities of the country. Occupied with different kinds of industries and famous educational institutions, this metropolitan city is the home of huge population that seems to be increasing day-by-day. As a result of this everincreasing population of the city, the demand for commercial and residential property in Ahmedabad is always on high.Housing real estate segment mostly contains of flats in Ahmedabad, apartments in Ahmedabad, serviced apartments in Ahmedabad, bungalows in Ahmedabad, penthouses and townships in Ahmedabad. While saleable commercial complexes comprise shopping centers in Ahmedabad, movie theater complexes in Ahmedabad et cetera. That means a general growth is in full swing all over the city.

Ahmedabad is a large property as well as if you want to purchase assets in Ahmedabad then it will certainly present you high-quality conveniences be it edifying or accommodation. In short your assets will be among the finest state-of – art designed assets. However the costs of assets in Ahmedabad fluctuate depending on the locality as well as the conveniences presented and also they stay on unpredictable from time to time. Buying assets in Ahmedabad is not that tough as now you can t simply get all the information on the net.

Therefore, it won’t be incorrect to announce that buying possessions in Ahmedabad is no more a complicated job, as real estate mediators and expert goods sellers are there in each area to formulate your job easier. Therefore this is the most excellent time to purchase goods in Ahmedabad and plan it as per your requirements and necessities.

The real estate marketplace in Ahmedabad is a prompt paced one. The assets are screening a quick glide along with all set to surge. The leading city in the state of Gujarat with the inhabitants of approximately fifty three lakhs is the domicile of a flourishing location for architectural and road and rail network growth in Gujarat. The city for the Manchester of the East, Ahmedabad is well thought-out as energetic centre of teaching, edification, information technology and the purchaser heaven.

There are as well several tourists who are magnetized by the attractiveness of the city. And the media business too is climbing latest heights. Between these all the real estate business is bound to be increased. And because of its name in the textile business at intercontinental stage the real estate and assets in Ahmedabad is increasing as a promising field.

The marketable real estate in Ahmedabad is receiving a boost up as various financiers are getting attracted in selling assets in the city. Ahmedabad property marketplace is well related with the rise in number of apartment house buildings and the retail passages.

 Investment in Ahmedabad Property

Ahmedabad real estate market is bustling with real estate activities these days. Buying property in Ahmedbad is truly profitable as capital value of residential and commercial properties in Ahmedabad is moderately low, reasonable and more affordable when compared to other cities of the country. This is one of the major reasons for more and more people being interested to invest in Ahmedabad properties. Not only Indians, the city is also attracting NRIs and NRGs for property investments. After US sub-prime crisis and with realty still going cheap in the city, Ahmedabad has now become hot property for NRIs. When it comes to NRI property investment, the city is at par with major investment areas of the country like Mumbai and Goa. Seeing this increased interest for investment in Ahmedabad property a large number of real estate developers are now reverting towards Ahmedabad as focal point for constructing the real estate projects. Leading all of them is Pacifica Companies, a globally recognised real estate company that puts in best efforts along with long three decades of experience to develop the realty sector of Ahmedabad. With its state-of-art models of hotels, residential projects and commercial properties, this real esate builder has changed the face of real estate scenario of the city.

 Residential Properties in Ahmedabad

Buying residential property in this hub of major industrial and educational activities is certainly a wise option. The city provides better employment and education opportunities to people all over the country due to which the number of migrators shifting to the city is constant on increase. As a result of this everincreasing migration, residential properties in Ahmedabad are selling like hot cakes. Residential property in Ahmedabad mainly comprises of flats in Ahmedabad, apartments in Ahmedabad, bungalows in Ahmedabad and townships in Ahmedabad. Sarkhej-Gandhinagar highway, Sanand, Thaltej and Prahladnagar are some of the favourite hot spots for development of residential projects in Ahmedabad. Accomodated with trendy facilities and modern amenities like swimming pool, jogging park, lawns, clubs, gyms, children play areas and spacious car parking, the residential projects in Ahmedabad are catching eye of lot of investors who are looking to invest in luxury homes in Ahmedabad. Buying luxurious apartments, luxurious villas and affordable bungalows in Ahmedabad is the best option to avail all these luxurious amenities at best affordable prices.

Commercial Properties in Ahmedabad

Ahmedabad offers great infrastructural base and excellent opportunities for commercial purposes. From investment point of view Ahmedabad certainly has quality commercial projects in store. Shopping malls, office spaces, retail spaces, hospitality centres are the best investment options for one who is looking to invest in Ahmedabad commercial property. This is the right time to invest in Ahmedabad retailing sector that is very much on the upswing in the city with the entry of big retail chains like Star India Bazzar, Pantaloon and Big Bazzar into retail market of the city. Thus it will not be wrong to say that investing in Ahmedabad is a profitable and equally wise option.
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