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Posts Tagged ‘residential property’

LGCL Luminaire

Wednesday, March 2nd, 2011

LGCL Luminaire Bangalore has a combination of Eight types of residency and an exclusive Fitness and Entertainment centre. The residual open spaces act as landscape pockets and serves to break the continuity of the internal road network. The clubhouse welcomes the residents and visitors, being positioned very close to the main entrance. The villas have been designed keeping in mind the fundamental ideas of space, comfort, privacy, lighting and ventilation. LGCL Luminaire is located at Old Air Port Road, Indira Nagar in Bangalore.

Well within the precincts of Central Bangalore having amenities such as Golf Course, World Class Hospital, Top Notch IT Parks with in the radius of 2 km. Yet, a world away. A pollution free world of sunshine, greenery, fresh air… a world filled with happiness and tranquillity that comes with environs so eco-friendly.

LGCL Luminaire consists of combination of villas, an exclusive fitness and entertainment center, Swimming pool, Gymnasium, Billiards, Spa, Extensive landscape, Amphitheatre, Children’s Play Area, Rock Climbing Adventure activities, With Separates for men and women Meditation center, Multi utility space Squash court, Business Center, Club house, Miniplex.

Lalith Gangadhar Constructions Pvt. Ltd. (LGCL) is promoted by Mr. Girish Puravankara with an investment from Kotak Realty Fund. The objective of LGCL is to tap the vast potential in the high end residential and commercial real estate. Apart from real estate development the company also engages in Real estate marketing, Facility Management and Project management through its subsidiary companies The focus of our company is to conceptualize and execute well thought out, unique projects, keeping in mind all the important requirements of space, design, aesthetics, value for money and deliverables. The companys Endeavour is to realize the dreams of the aspirational people who have been deprived of projects sublime in nature.

Amenities

Integrated play area
Multi-purpose game zone
Winding forest walk
Fountain
Entry bay
Aqua scape
Club house (Gym, Squash court, Swimming pool, Spa, Billiards, Miniplex, Business centre)
Amphitheatre
Children’s Play Area

Master Plan

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Rent House in Bangalore

Thursday, November 25th, 2010

Bangalore also known as Bengaluru is the capital of the Indian state of Karnataka. Bangalore is one of the most rapidly growing areas of India and Real estate in Bangalore is witnessing astounding success. As a result, builders and real estate developers are continuously exploring new areas and conceiving plans to improve residential scenario for the growing population. Rent House in Bangalore is flourishing at breathtaking pace and hence buy property for renting in Bangalore is a good investment.


Many consider real estate as an investment option and also due to the demand for residential property in the city. Property owners and prospective buyers are investing in second home or new property for earning money thorough rental business. Rent House in Bangalore is one of the most successful and easiest business where property owners can make money without taking any risk. The demand for Bangalore property is rising day by day and demand is high for residential properties in some of the popular areas in Bangalore like Koramangala, Indira Nagar, Sarjapur,Whitefiled,Bannargatta and BTM Layout.

There has been a rise in the property value of apartments in the most desirable neighborhoods in south eastern, eastern and northern Bangalore by more than 25% in the recent times. The demand for rental house in Bangalore continues to rise as there is rise in the employment opportunities in the city. Today, the real estate is considered as an ideal investment option. The supply of valuable accommodation and land to develop infrastructure is diminishing. This led to drastic rise in the rental and sale value for well located properties in the city in the recent times.

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Reduction in stamp duty is a boon

Friday, March 12th, 2010

In recent Karnataka budget 2010-11, the decrease in stamp duty is expected to cause some optimism among home buyers. Real estate sector is gradually becoming active and reduction in stamp duty in recent budget is boon for for those homebuyers or investing in real estate.

Stamp duty on Deposition of Title Deed (DTD) would be would be reduced to 0.10 per cent from previous 0.25 per cent subject to a maximum ceiling of Rs.50,000. For amalgamation and de-merger of companies, present rate of 5 per cent would be brought down to 3 per cent. One per cent duty would be imposed on papers of Transfer of Development Rights (TDR).

An appropriate amendments would be brought in to stop stamp duty evasion in transfer of apartments/flats. Stamp duty on Agreement to Sale to be modified from 0.25 per cent to 0.10 per cent subject to a maximum of Rs.20,000. After further simplifying of duty structure in respect of lease and license, Stamp Duty at the rate of 0.50 per cent will be imposed for a period up to 1 year subject to a maximum of Rs.500 for residential buildings. Stamp Duty would be imposed one, two and three per cent respectively for a period of one year to 10 years, 10 to 20 years, 20 to 30 years, based on average of one-year. rentals and advance

Stamp Duty and Registration Fee exemption

In the recent budget 2010-11, it is decide to exempt Stamp Duty and Registration Fee fully in respect of loan documents of rainwater harvesting units, houses built under Indira Avas Scheme and non-conventional sources of energy – like solar and bio-gas energy units. Stamp Duty and Registration Fee exemption will be granted in respect of documents transferring properties for public purposes, free of cost to local bodies and urban development authorities. Duty in respect of annulment of all kinds of documents will be simplified.

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Demand for Residential Property Market will increase in this Festival Time

Monday, October 5th, 2009

As the festival season begins, analysts believe banks and developers will offer attractive schemes to attract home buyers. Activity in the residential property market has increased quite significantly during the last couple of months.Many banks are planning attractive home loan schemes to draw homebuyers during the coming festival season. Therefore, people looking at investing in property can make a serious attempt to get a good property and home loan deal.

As consumer confidence is increasing, the developers are launching many new projects. Analysts believe developers will offer some attractive schemes to attract homebuyers and book as many units as possible. Flexibility of the scheme during the home loan tenure is an aspect that borrowers should look for while selecting the lender. It is important to go through the various terms and conditions of the available schemes and offers carefully. Prospective borrowers should know the various fees/charges that come with the schemes.

Reference:

Home loan schemes attractive at festival time

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Residential Property is good for Investment

Monday, September 14th, 2009

It is good time for investing in residential property. Localities in each zone of Bangalore are emerging as prime residential areas.

A region is good for investment with various reasons such as easy commuting to key areas in the city, good connectivity with the Outer ring road, commercial development, good social infrastructure, industrial growth etc.

Residential segments in the north and northeast Bangalore such as Hebbal, Nagavara-Outer Ring Road (ORR), Yelahanka, Sahakaranagar, Jakkur, Coffee Board Layout, HRBR and HBR Layout, Banaswadi, off Kempapura Road, Amruthahalli, Hennur Road, and Thanisandra Road are the best options for investments. Devanahalli and Yelahanka are emerging as good alternatives to set up facilities. The international airport spurred growth in the north, and many companies are shifting here Yelahanka has seen significant residential spread over the past eight years. Due to good connectivity with the Outer Ring Road, the Hebbal flyover, and the underpasses, the 18-20 km to M G Road can be easily covered. There are approximately 4,000-5,000 units under construction to be completed in two years’ time here.

Major demand for housing in south Bangalore comes from the IT/ITeS segment. The completion of the flyover from Central Silk Board to Hosur Road will boost residential development along this stretch through smooth connectivity. Koramangala, Madivala, BTM Layout, HSR Layout to Sarjapur-Outer Ring Road, and Kanakpura Road up to Metro in the south-east and in South Bangalore, areas from JP Nagar to Bannerghatta Park, including Vijaya Bank Colony, Meenakshi Temple belt are good for investments.

In the east, Marathahalli, Brookefields, and Whitefield are witnessing residential development. The easy commute from the east to the international airport through the Outer Ring Road and the signal-free junctions will see the emergence of the east and north as major residential and commercial hubs.

In the west, The Vijayanagar belt, Nagarbhavi, Bangalore University belt up to Rajarajeshwarinagar and Kengeri satellite town, are emerging as good places to investment. There is good social infrastructure with a host of educational institutions and hospitals. Jalahalli and Peenya have the potential for residential development since there will always be an inflow of workforce looking for homes nearby due to locality close to industrial areas.

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