Maheshwara in Gurgaon
Raheja Developers Ltd announced the launch of "Maheshwara" in Sector 11 & 14 Sohna, South of Gurgaon recently. The project spread over 9.23 acres will be a part of Raheja Aranya - the first smart green city in the area. Launched in the memory of Maheshwarnath Raheja, father of Navin M Raheja, CMD, Raheja Developers Ltd, the project will offer residential units at affordable prices. According to a company press note, a 2-BHK apartment (1080sq.ft.) will be available for an all inclusive price of Rs 34.63 lakh @2975 per sq.ft on super area which is almost 20 per cent lower than the prevailing market price with a guarantee of quality. There are no extra charges for PLC, parking reservation charges & club membership. The developer is also guaranteeing zero price escalation. The total project revenue is estimated at approximately 300 crore and the investment will come through internal accruals. Seventy per cent of the cost of the project will be kept in a separate escrow account and the company will pay delay compensation at equivalent interest rate of delay in payment. All the relevant details related to the project like license number and building plan approval have been uploaded on the webpage. L&T is already developing the infrastructure for the township and construction will be done by Arabtec, the makers of Burj Khalifa in Dubai, the tallest tower in the World.
CRM software
Daemon India has launched, DaeBuild — a Real Estate CRM Software specifically tailored for real estate developers — that will optimise operational support. It is the ‘first-of-its-kind’ software that will help the developers and their customers.
The new software offers “interactions” — a tool to manage Inbound and Outbound post sales customer interactions. Its document designer enables builders to automate sales deed, demand letters, and possession letters etc as per one’s need. The software will act as a one-stop solution to pre and post customer management, including leads, quote, sales, document, brokers and staff management.
Speaking about the new software Sachin Mehra (Founder of DaeBuild) said, “The purpose of creating this software is to bridge the gap between real estate developers and their customers and to empower both buyers and sellers. It is more than a software; it is a means to implement your business philosophy.”
Gulshan Botnia along Noida Expressway
NCR-based realty group Gulshan Homz recently announced the launch of ‘Gulshan Botnia’project in Sector 144, Noida Expressway. The project will offer 2/3 BHK apartments with five unit plans starting from 1,025 sq. ft., 1,160 sq. ft., 1,355 sq. ft., 1,370 sq. ft. and 1,475 sq. ft. The total area of land under development would be 21,494.8 sq. mtrs. or 5.31 acres approximately that will house 12 towers with around 1,000 units in offer, podium + 19 floors in each tower. The project is expected to be ready and delivered by March, 2019. The current BSP is Rs 4,300 onwards.
DLF to roll out new luxury property
Real estate major DLF is all set to roll out a new luxury property, The Chanakya, and bring in brands such as Longchamp, Hunkemoller, G Star Raw, Juicy Couture, La Perla and Chanel Beauty to its Emporio and Promenade malls this year.
As per Senior VP DLF Luxury Retail, Dinaz Madhukar, “It’s a very exciting time for retail and we are excited that new brands looking to enter the country are doing it with us.” While brands like Juicy Couture Chanel beauty have a presence in other malls in India, DLF Emporio will house La Perla and Longchamp's exclusive stores in India. Brands like Bvlgari and Tumi have their exclusive stores in India at the Emporio in Delhi.
The Chanakya will offer a mix of bridge to luxury and luxury brands.
Real estate rating services
Real estate news agency, Realtyfact.com, has launched India's first real estate rating services and rated property listed in India, which will help end users make informed purchases. It is expected to bring in more transparency in the real estate sector and will work on a project-specific basis. Rating will be assigned on a scale of one to seven stars after comparing units with alternatives available in the same city.
“A developer commissions the agency and gives us access to various details needed for assessment. We take into account our parameters and rate the project. Once the developer accepts the rating, we go public with the rating and project analysis which will be listed online on realtyfact.com for common buyers,” said Kumar Saurabh, vice-president operations, Realty Fact.
The parameters include the record of the developer history, the infrastructure they are developing, finishing, timely completion, cost overruns, after sales service, legal issues like title, and project innovations like green buildings. The rating will be given midway through the project and will be under surveillance till project completion, during which it can be revised.
— TNS & Agencies
