Archive for the ‘Builder’ Category
Friday, November 11th, 2011
Kumar Prince Town Bangalore by Kumar Properties is one of the luxurious and stylish projects with five high rise towers each having ten wings and 714 units. The project is spread over 8 acres and faces the Mallasandra Lake and 300 acres of lush green Air Force land which gives a scenic view to the residents. The complex has more than 250 coconut trees and gives a new meaning to natural environment. They are also one of the affordable homes with compact sizes and not much burden to your pocket. The amenities provided are state of the art and fulfill all the recreational needs. Kumar Prince Town offers 1.5, 2, 2.5 & 3.5 BHK apartments insize ranging from 790 sq ft to 1380 sq ft.
Kumar Prince Town is located at Jalahalli, Bangalore. It is very close to Air Force Technical College and Shettihalli. The nearest station is Chikkabanawara railway station and 10 mins from Yeshwanthpur Railway Station. The project is just 2 mins drive from the Jalahalli Ayyappa Temple and only 5 mins away from the Outer Ring Road, BEL Circle. Peenya Industrial Estate is only 2.5 km from the site and National Highway (NH-4) is few metres away. Also close is Hebbal connecting to NH-7 and International Airport road. A host of malls and hotels are coming up in this high-growth potential area, which will be connected by the Metro Rail project and KSRTC Satellite Bus Terminal.
Kumar Prince Town is one of the projects of Kumar Properties. Since its inception in 1966 they had a holistic picture of providing living spaces, commercial business spaces with world class amenities and facilities. They are known to be one of the renowned organisations in real estate sector for its superior quality work, timely project delivery and providing other services to the customers. Since four decades, they have developed residential & commercial complexes, IT Parks, townships in more than 18 million sq.ft. More than 18,000 families from different sections are staying in the projects built by Kumar Properties, living happily and enjoying the comfort and luxury of its housing developments.
Amenities
- Health Club
- Swimming Pool
- Kids’ Pool
- Gymnasium
- Meditation / Yoga Place
- Jogging Track
- Clubhouse
- Card Room
- Amphitheatre
- Library
- Children’s Play Area
- Multi-purpose Party Lawns
- Community Hall
- Basketball Court
- Tennis Court
- Table Tennis
- Snooker
- Cricket Nets
Kumar Prince Town Master Plan
Tags: Bangalore, Jalahalli, Kumar Prince Town, Kumar Prince Town Bangalore, Kumar Properties
Posted in Builder, New Project | No Comments »
Thursday, August 25th, 2011
The affordable home is showing signs of taking off in a big way with big developer brands. Affordable housing segment receive big boost with Concorde housing, launching its first such projects in Bangalore “Concorde Napa Valley“ on Kankpura Main Road in Bangalore.
The project comprises of Stilt, Ground and One Villas. Concorde Group offers 3 & 4 BHK Villas sizes varying from 1645 sq. ft. to 4000 sq. ft. Prices for villas start at Rs 51.90 lakhs for 3BHK (1645 sq. ft) and goes up to Rs 1.36 lakhs for 4BHK (4000 sq. ft.) with servant room.
The property boasts of amenities like 3star resort, lifts, playing area, swimming pools, gyms, multipurpose hall, super market etc. Only costs for registration needed to to be paid extra.
The project involves more than 1000 Villas. The house will be ready by October, 2014. Fund for project comes from promoters’ equity, construction finance and advance from clients. Depending on completion of project, client will have to pay the money.
Last week, the Brigade Group has launched township projects on 60 acres of land in Kankpura main road, Mantri with the Project Called Mantri Tranquil and lots of other builders which may include significant components of affordable house.
Price for affordable projects are low and it is possible because the locations are away from city center where cost of land are low with high end construction Quality
Tags: affordable housing, affordable villa, Bangalore, builders bangalore, buy villa, concorde, Concorde Bangalore, concorde builders, concorde Napa valley, concorde villa, villa, Villa in Bangalore
Posted in Apartment Buying, Bangalore, Builder, Community Submitted News, Housing India, New Project, News, Villa | No Comments »
Wednesday, August 3rd, 2011
With over 108 Condos and world class facilities, Mulberry Woods is the place to be at Sarjapur Road. Mulberry Woods is located within a serene landscape, yet close to essential facilities such as hospitals, schools, supermarkets and major work locations.
The project is expected to be complete by December 2014.
Mulberry Woods offers 4 Bedroom Condos with the following -
- Private Garden/Terrace
- Private Wooden Deck
- Covered car parking for 2 cars for each Condo
- Personal terrace balcony
- Swimming Pool
- Gymnasium, Steam & Sauna
- Pantry/Open Cafeteria, Barbecue Cabanas
- Play Area
- 24 Hour Back-up
- Clubhouse, Library
- Maintenance & Security
The project is known to be approved by BBMP with 70% Open Area and many other standard facilities.
To know more and to contact the developer click
here.
Tags: luxury apartments bangalore, Mulberry Woods, Saran Developers
Posted in Builder, New Project | No Comments »
Wednesday, January 13th, 2010
Real estate major Sunil Mantri Group, has identified Bangalore as a strategic target for expansion with the launch of an integrated residential community project christened as Mantri Premero, in close proximity to major IT companies, the Electronic City, and ITPB. The total net worth of the project, would be Rs. 250 crore.
Speaking on the launch, Sunil Mantri, Chairman, Sunil Mantri Group commented, “Bangalore, being one of the most prominent landmarks on the world map, inspired us to develop good quality homes and spaces that are on par with world-class standards. Now, with Mantri Premero, Bangalore will have exclusive lifestyle homes with the blend of affordable amenities that integrate nature with every day dwelling”. Complete News here.
Tags: Bangalore, launch of new project, Mantri, Mantri Premero, New Project
Posted in Apartment Buying, Bangalore, Builder, Housing India, New Project, News | 5 Comments »
Friday, October 16th, 2009
FIRE Luxur Developer Pvt. Ltd. announced the launch of Phase 1 of its township ‘The Empyrean’ at Bangalore. FIRE Luxur Developers Pvt. Ltd. is a JV company formed between FIRE (First Indian Real Estate) Capital Fund, a Private Equity Fund focused on Indian Real Estate and The Nilgiris Group of Bangalore, with a project outlay of over USD 350 million.
The Empyrean is located on the outskirts of Bangalore, towards east of Whitefield, away from the congestion of the city. It’s proximity to five existing and upcoming IT Hubs, is expected to make it a preferred destination among the IT/ITeS professionals.
The low rise, low density residential development has multi- housing option including five spacious options of villas with sizes ranging from 2,095 sq ft to 5,500 sq ft, very attractively priced at an average overall price of Rs 2250 per sq ft. All the major amenities are clustered at the centre of the Township, with a Clubhouse, Primary School and Shopping Centre nestled around a Central Park, designed in neighbourhood cluster format providing easy on-foot accessibility for every resident.
The project has already received Environment Clearance from the State Level Environment Impact Assessment Authority, Karnataka and the Layout Plan Approval from Department of Town & Country Planning.The Empyrean will be developed as a modern ‘Garden City’, offering a differentiated proposition in a city dotted with frantic real estate growth.This is the third investment in India after ‘Silver Springs’ in Indore and ‘The Empyrean’ in Nagpur.
Reference:
fire luxur announces the launch of its township project the empyrean at Bangalore
Tags: Apartment, Bangalore East, environment clearance, fire luxur, garden city, launch of new project, layout plan approval, silver springs, The Empyrean, The Empyrean Bangalore, township project, whitefield
Posted in Builder | 1 Comment »
Monday, August 31st, 2009
Our Union Finance Minister recently announced that profits from housing projects, qualified under section 80IB(10) of the Income Tax Act and approved by a local authority between April 1, 2007 and March 31, 2008 will be tax free, if they are completed before March 31, 2012. The Minister has urged the builders to pass on the benefit to consumers.
As the profits made from residential projects depend on so many parameters which vary from one place to another.An expert committee comprising Valuers and Chartered Accountants should be appointed to arrive at the profit for each project. The cost of the committee report should be recovered from the builder/developer.
It is also to be observed that the profit range in constructing small houses is much less and hence the genuine builder, who is also helping the noble cause of providing affordable houses, should be compensated properly.It is suggested that instead of asking the builder to pass on the entire tax saving to the purchasers, the builder should be awarded 30 per cent of the tax saved and 70 per cent passed on the home purchaser. It is necessary to single out builders who might be pocketing the tax savings and encourage the genuine builders.
The Finance Ministry and all concerned should evolve a proper control mechanism to ensure that the incentive meant for home buyers reaches them and not the pockets of a few builders.Associations such as CREDAI (Confederation of Real Estate Developers Associations of India) and Builders Association of India (BAI) should help in this regard.
Reference:
Tax benefits must reach the buyer
Tags: Apartment, apartment buy-sell, Buying, Housing Developement, Housing India, income tax, indian real estate, property, Real Estate India, Second homes, tax benefit, tax free, Tips
Posted in Builder | 1 Comment »
Wednesday, August 19th, 2009
Demand and enquires for small or affordable home is increasing in last two or three months. In the coming month, sale of property will increase since people who postponed purchase in October due to recession and instability in market are firming up their mind.
Developers and most companies as reported increase in sale of property by 60 per cent in second quarter. In the recently concluded CREDAI Realty expo besides large number of enquiries in new projects 36 housing units were sold on the spot.
Single bedroom apartment or small homes were exception in past. Developers or builders are looking this segment as feasible opportunity to offer affordable home. Several projects are being modified to fit in 1 BHKs.
The recession has also bring down the cost in the affordable home segment, range from Rs. 15 lakh to Rs. 25 lakh in well-developed areas. As the demand for space increases along with the need for affordable houses, 1 BHK apartments and small homes will become a norm in the future.
Before the recession set in, 1 BHKs were confined mostly to projects developed by Category C developers whereas even Category A developers are also pitching in into affordable home segment now. This is also the best time for customers to buy homes, as prices could go up again in near future.
Reference:
For builders, small is now beautiful
Tags: affordable home, Apartment, Apartment India, Bangalore, indian real estate, market trend, property, Real Estate India, recession, single bedroom, Tips
Posted in Builder | No Comments »
Saturday, June 20th, 2009
Shobha Developers Bangalore received approval to raise its share capital to Rs 1500 Crore. The company got approval from shareholders at its shareholders meeting hike Foreign Institutional Investors limit to around 100% of company’s equity share capital.
Shobha Developers said that on shareholders meeting company received approval from shareholders to raise Rs 1500 crore from domestic and international market. Company will also hike Foreign Institutional Investors (FII) limit to 100%. The company said in a filing to the Bombay Stock Exchange (BSE).
The company would raise capital to Rs 1500 crore from International market by issuing shares through American Depository Receipts, Global Depository Receipts and from domestic routes through warrants and debentures.
Further, the company will increase the FII investment limit in the company to 100% of the paid-up capital, provided the equity shareholding of each FII shall not exceed 10% of the total paid-up equity share capital of the company.
Reference:
sobha developers gets shareholders nod to raise rs1500 crore
Tags: Apartment, apartment buy-sell, Apartment India, Bangalore, capital, Housing Developement, Housing India, indian real estate, market trend, property, Real Estate India, shobha, shobha developers, Tips
Posted in Builder | No Comments »
Thursday, June 18th, 2009
Shobha Developers Bangalore is raising Rs 225 crore from Purna Partners Bangalore, a private equity fund. The investment will be made at the Special Purpose Vehicle (SPV) level.
The raised fund will be used towards development of projects in Bangalore and other cities. For this purpose company will identify certain land parcels in Bangalore and other cities for development of residential and commercial projects. It will also undertake mixed development projects in Bangalore and other cities.
Shobha developers will execute the project as the principal contractor and each of projects will be valued separately. The company has also informed that they have received Rs 25 core from the private equity fund. Shobha will be shareholder along with Purna partners and other investors. The number of project will be decided by the investors.
Shobha developers are also looking to raise Rs 1000 crores through Qualified Institutional Placement (QIPs). The company’s board has also called an extra ordinary general meeting to increase share capital of company up to Rs 1500 crores. It is also considering increasing the limit of Foreign Institutional Investors (FII) in equity shares up to 100% of the share capital of company.
The company is also looking to at raising money by diluting stakes in its non-core assets or non-realty business. The fund raised will be used primarily to pay its debts and to fund it realty projects. The realtor is also looking to raise fund by selling 200 acres from its 3000 acres land bank.
Reference:
Related Keywords:
Sobha Developers, Sobha Developers Bangalore, Shoba Developers, Shobha Developers
Tags: Apartment, Apartment India, Bangalore, Buying, Housing Developement, Housing India, indian real estate, property, purna partners, Real Estate India, shobha developers, Sobha Developers
Posted in Bangalore, Builder, Housing India | No Comments »
