YAMUNA EXPRESSWAY: THE BEST PLACE TO BE

The classy Yamuna expressway which had been officially operational last year connects Delhi with Agra, the city of Taj. Already it has witnessed a daily travel by thousands and further more during weekends.The expressway which is spread across 165 kms took around 47 months and Rs 13,300 crores to build, runs from Greater Noida to Agra, crossing Aligarh & Mathura and has reduced the travel time between Delhi and Agra to two and a half hours from five to six hours earlier, excluding the traffic jams.
Within a span of one hour, a person can reach to IGI airport and inside 30 mins to the capital. Connectivity between Delhi and Agra is not the only USP that this region provides. The best things being the Buddha International circuit (BIC), Gautam Buddha University, Proposed night safari, metro station and Taj international Airport. Projects that will be developed here will provide the best of the best landmarks and places to be.

This location advantage has come out as a big time boom for realty players. Top most builders have already tied there shoelaces and are ready to give investors and end users their dream house. Big developers such as Jaypee, Supertech, Ajnara and Cosmic group all have their projects underway. All the builders have targeted the Buddha International Circuit and all have their projects within a radius of 5 kms.
All these builders have launched their projects, and bookings are going great guns. This place gives a fabulous option for investing as well. Being the latest place to develop, Yamuna Expressway tastes the fruits of modern and ultra-luxurious living. All the developers of the region are coming up with seven star facilities in their projects. Provision of banks, taxi stands, spa’s, gymnasiums, petrol pumps, pubs, discs, lounges, Yoga/health centres, etc is also being included in certain projects.

Cosmic Group, a major realty player in Delhi/NCR is coming up with their ultra-luxurious residential project with the name of “Urban Young”. Sushant Muttreja, CMD, Cosmic Group says,“Yamuna Expressway at present is the place to be. Not only is its location prime, but it will also provide the best landmarks and sightseeing’s. From this we have benefitted the most; as we have many NRI’s investing in our projects here. At the same time, people working in Noida and Greater Noida also have their eyes set here for being the end users as the prices here are lower and distance to their destinations will be less”.
Another most important reason for investing in Yamuna Expressway has been the price factor and NRI presence. At present, Yamuna expressway is providing the best deals as compared to Noida or Greater Noida. With lesser prices and developers providing the best features, this has allowed the middle-level income people to get the best while spending far less. A major boost has also been provided by the Buddha International Circuit. Indian Grand Prix being a global event attracts a major portion of overseas crowd to India. 3 day event during the October time tempts the foreign crowd to come early and spend the vacation in the neighbouring places.

This has favoured the real estate developers. Rather than visiting and staying in hotels or inns, NRIs and foreigners have been investing in the projects near to the venue so that each year they can come and enjoy a long vacation in their own homes.

Ajnara India Ltd., one of the most successful real estate developers of NCR are also coming up with a project at Yamuna Expressway by the name of “Ajnara Panorama”providing 2/3 BHK apartments and villas. The project offers various modern facilities for a luxurious and comfort lifestyle. Ashok Gupta, CMD, Ajnara says,“The scope for development is enormous in this region. Already the presence of Buddha International Circuit has made a huge difference and the kind of expansion plans the government has in mind for Yamuna Expressway, this destination will be the best bet for any investor or end user in upcoming few years. It is not only attracting the domestic crowd, but many foreign investors have started to approach the builders in this area.”

Work on Yamuna Expressway is been carried out on a rapid pace. This is primarily because of the demand being so high in this region. Now with the presence of realty players, Yamuna Expressway will rather be better shaped and great place to be.

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THEME BASED RESIDENTIAL PROJECTS GROW IN DEMAND

In light to the recent slowdown in the economy, the real estate sector saw some ups and downs in the demand graph. The demand for property buying had fallen due to rise in prices and other factors, but it still could not sway the growing demand of theme based luxury housing. It has been noticed that even though the property market in general has slowed down a bit but still the customers are looking it as a way to get the best deal. The developers are also becoming open for negotiation. Therefore, a person today is still ready to invest in the best. With the growing popularity of urban living and exposure of globalization, the needs and desires of customers has shifted drastically. More and more people are looking out to buy something unique from others.

Cosmic Group Theme Based Project in Greater Noida

This has provoked the developers to bring out something that no one has ever seen or heard. Many developers are now coming out theme based projects or unique amenities. Ajnara Ambrosia, a project by Ajnara India Ltd. has come out with a Spanish theme project.

Cosmic group’s project La Gracia City Of Romance is based on European theme apartments and a touch of romantic theme in the entire project. Many other developers are also building certain projects that are based on kids themes, fitness themes, sports themes and etc.

Mr.SushantMuttreja, MD, Cosmic Group says “There has been a lot of change in people’s lifestyles off late. As more and more people will travel abroad to several foreign destinations, they will start to be inclined more towards new and unique things. This also enhances the overall mental and status development of the customers. These new theme based projects have been a great hit already and will gain more popularity in near future”.

Mr. Ashok Gupta, CMD, Ajnara India Ltd. says “In order to successfully sell projects, knowing the changing pattern of demand is extremely important. Today we see people get more excited by looking at something which is different or looks more like modern culture by nature. So, people are more inclined towards modern theme or amenities and we are trying our best to provide them with a taste of foreign themes.”

Cosmic Cruise

, one of the leading developers in NCR when we speak about building luxurious or ultra- luxurious category of projects is coming soon with an ultra-luxurious township at SiddharthVihar, located next to Indirapuram and 5 minutes from Delhi. Mr.Prashant Tiwari, CMD, Prateek Group says “When we speak about theme based projects, we are sure that we are catering to a luxurious or an ultra-luxurious segment of buyers. These buyers belong to a higher level in the society and are been exposed heavily to the outside world from which they get inspired. Now, in order to give them what they desire we have started to incorporate certain themes, styles and art into our projects so that they should get the feel of both being in or out of country.”

Mr. Deepak Kapoor, Director, GulshanHomz says “Developing a theme based project is an art in itself. It is not easy for a developer to build such projects easily. It requires a lot of heavy investment, foreign materials and foreign man power as well because when we integrate some work in which we are not experts, then we need experts. The final result will always be good then. Today we are witnessing a heavy rise in demand for many theme based or luxurious projects”.

This change in trend has being welcomed by not only the target audiences; but even the industry experts feel that this kind of acceptance to new concepts and ideas is good for the overall health of the sector, especially in this time period where we are observing such a poor demand for the property.

Mr.Vipul Gupta, MD, Neobrix says “The demand for modern luxury living has been rising nonstop. The developers are also very keen to develop projects that are providing better means of living. The themes are very attractive and bring about everything in real. The Disney theme offered by a developer actually makes the project look like a Disneyland”.

Mr.Vikas Chawla, Director, Maxblis says “The concept of offering theme based projects is excellent. The only thing to be kept in mind is the target audience. Not everyone would like a French theme project or someone might like French theme over a swiss theme. So the planning and targeting phase requires a lot of hard work and intel. But still, these concepts have been well relished till date.

Tag:  Real Estate developer, Property price, Property Price in Noida, Noida Property,  Maxblis, 
Neobrix, GulshanHomz, Prateek Group, Ajnara Ambrosia, La Gracia City Of Romance

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INCREASING DEMAND FOR FREEHOLD PROPERTY IN NOIDA

Leasehold and Freehold Property 

For the past few months the Noida property market is observing the customers rising demand to change their present leasehold land to freehold land. This will allow the resident to have a complete right on the land as well as property. For the same, many customers in Noida along with some NGOs and developers are interested to get their lands converted into freehold. Certain days also saw people protesting at the Noida authorities and ultimately the authorities are planning to provide the residents what they desire.

Freehold Property

If someone has purchased a freehold property then that person own the land it is built on and also the house. In case of apartments, the owner of the house becomes a share holder in the property. They can live there for as long as they desire. They will have the right to make alterations in the house or redo some parts of the house. They might have to take permission from authorities if they have to make structural changes, particularly with old buildings. In India mostly houses are sold as freehold property but apartments are mostly on lease, however, this too is changing as many flats are getting sold as freehold too.

Leasehold Property

In case someonehas purchased a leasehold property; then they have the right to live in a property for a stipulated period of time. Here the buyer is not the owner of the property or the land it is situated upon. In case of a leasehold property, they will have to pay ground rent to the owner or the leaseholder. Once the set period in the lease expires, the ownership of the property is given back to the land owner. Most leases are roughly given for period of 99 years. If anyone is buying a leasehold property, it is important to find out how long the lease is for as it will influence the value of the property. It is possible to extend the leasehold to up to 999 years and one can actually purchase the leasehold property, but by paying a price for it.

To conclude it can be understood that buying a freehold property is more preferable than the leasehold property as freehold are more stable and are likely to increase in value in the longer term.For these very reasons, residents of Noida are willing to get their properties to be converted into freehold as they can then become the complete owners till eternity.

Mr. Ashok Gupta, CMD, Ajnara India Ltd., says “Freehold property have been quite popular in cities like Delhi where one gets the rights of the land and is also free to make structural changes but these are more suitable in houses built by development authorities or ok plotted developments. In places like Noida there are high rise apartments mainly on lease where one can live as long as he wants and more or less a freehold property in this case won't matter much. But yes freehold properties will surely being in more developments in places like Noida and Greater Noida”.

Mr.Vipul Gupta, MD, Neobrix, says “Noida and Greater Noida markets are extreme opposites of each other. One is nearing sold out and other just started. The decision to convert leasehold to freehold will revive the Noida market and boost the Greater Noida and other upcoming markets. This step will bring upon a revolution in NCR real estate sector for sure”.

Mr. Deepak Kapoor, Director, GulshanHomz, says “Freehold property in Noida will surely boost the morale of a normal buyer and will surely be a great news for any developing realty destination like Noida and Greater Noida. A freehold property has a little more of trust value attached for a first time property buyer”.

Mr.SushantMuttreja, MD, Cosmic Group, says “We welcome any such plan which will bring the concept of freehold property in Noida or any other such property destination. By freehold one will get complete rights for the land though aspect like property tax will be levied but the ownership rights is a major gain”.

Mr.Rupesh Gupta, Director, JM Housing, says “The concept of freehold land has been in the capital for quite some time now. This grants a freedom for the property owner to own the land as well and also provides them with the right to make desirable changes. This will also allow the prices of the property to rise up better as compared to growth rate today”.

Mr.Vikas Chawla, Director, Maxblis, says “If places like Noida and Greater Noida becomes a freehold land destination then we might witness another big boom in the real estate sector. This will allow future prospects to show more interest in the properties of these regions. Such decisions are very grateful for the society as a whole and developers are also there to welcome it”.

Tag: Freehold property, Leasehold property, property in Noida, property for sale, Maxblis, JM Housing, Cosmic Group, GulshanHomz, Neobrix, Ajnara India Ltd

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NOIDA EXPRESSWAY: THE HIGHLIGHT OF NCR

After a long and undisputed success of Noida, Indirapuram and Raj Nagar Extn., government authorities have their hands and eyes all set for Noida Expressway. Already known as the commercial hub of NCR, Noida expressway has been witnessing enormous appearance of real estate developers for past few years. Massive land reserves and expansion of product line, developers are been constantly tempted to put a foot in this region.

Noida Greater Noida Expressway

Major realty players have been coming up with residential, commercial and commercial -cum- residential projects in the area. The scope of development is vast in this region as it was been kept untapped for decades. Big names such as Supertech, Jaypee, Amrapali, Cosmic group, Ajnara,  KVD, ACE, Gaur and many more are all getting geared up with their projects. Many developers have already delivered their projects and investors have moved in; few are still under construction and a major chunk of realty players are launching new projects.    
This rapid paced development has pushed the government authorities to work upon the infrastructure development. After the development of roadways and electrical sub-stations, government is planning to bring about certain more infrastructural up gradations.
With this kind of quick development, the demand for electricity and security will also increase manifolds in the region. In view of this, authority has planned to give Rs. 500 crore to electricity department to upgrade power supply in the region. This approach of authorities to modernise the region has made developers to bring about their best as well.
Gone are the days of modern or luxury facilities, today's developer is stressing upon using the provided infrastructure and giving its best. They are coming up with ultra-luxurious, seven star facilities in their projects, where you have everything under one roof. From shopping arcades to malls, homes to offices, disco, pub, spa, banks, gymnasiums, medical facilities, etc.

In view to this, major realty player of Delhi/NCR Cosmic Group, has launched its several commercial projects in this region known as “Cosmic Corporate Park, Cosmic Corporate Park 140 and Cosmic Corporate Park 154”. These projects has been spread across several acres with office spaces, IT plots, studio apartments, etc.; providing seven star facilities along with modern and comfort lifestyle.

Mr.SushantMutreja, CMD, Cosmic Group says “Earlier, Noida expressway was a place only for industries and plants & machinery and it was regarded unsafe plus, difficult to reach. With so much of development carried out on infrastructure and connectivity, this place now has everything that an investor would require. Now, even Noida and Delhi have become extremely close, so investors feel to invest in what is new & best and this has driven people to invest here.”

Cosmic office space in Noida

Ajnara India Ltd. a realty major of NCR has also come up with its residential project on Noida Expressway – ‘Ajnara Daffodil’ located at sector 137, Noida Expressway. The project is offering luxurious and highly spacious 2 and 3 BHK apartments along with lush green spaces, large open area and high-end modern amenities.
 Mr. Ashok Gupta, MD, Ajnara India Ltd. says, “The best part of having a residence at Noida Expressway is the location advantage it offers. It is like having a residence in between Noida and Delhi, so both the places become close. Also, this region is already known for its commercial and infrastructural development, so it will again offer everything that a household would require in a close proximity”.

GulshanHomz, one of the most prominent developers of NCR is undergoing the development of its ultra-luxurious project ‘Gulshan Ikebana’ located at sector 143 Noida Expressway and is offering 3-BHK apartments. The project is offering all possible amenities that a household can even think of; on a call. It’s a project to pamper the inhabitants.
Mr. Deepak Kapoor, Director, GulshanHomz says, “Noida Expressway has it all. Brilliant location, stunning infrastructure, schools, colleges, hospitals andetc. So this kind of place requires a good residential development and we have come across a project that meets the standard of this region. Few years down the line this place will be a name to reckon with”.



Tag: GulshanHomz, Ajnara India Ltd, Ajnara Daffodil, Cosmic Group, Noida Expressway, Noida Expressway, cosmic group review, Noida, Indirapuram and Raj Nagar Extn, real estate developers

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Why buy a property based on just size and price?

The decision making now a days has become a bit different from earlier. Earlier customers used to buy a property based on just size and price. Today, a buyer thinks about a lot of things before investing in any form of real estate. A customer today has got a lot of parameters to decide upon, and amenities in a project have become one of the most important factors in deciding. It is more like an X factor for a project.

Office Space

Cosmic Group, one of the most prominent players of NCR has come out with several unique concepts in its projects. One of the very unique concepts of modern day can be seen in Cosmic Group’s project, ‘La Gracia City Of Romance’ located at Uttrakhand. The Projectis providing world class amenities which will help you take the stress off your mind. Facilities to pamper you in a spa, bathing in a Jacuzzi or a Turkish bath and even relax with therapeutic massages offered by internationally trained therapists. Project is also providing meditation and a prayer area for those seeking calm and peace. For people young at heart and minds; there is an availability of trekking and mountain biking. There are special packages for first time honeymooners as well.

So much already thought for the residential project; Cosmic group has an even better idea for its commercial project. On the other hand, Cosmic Masterpiece is a commercial project situated at sector 154, Noida expressway and is offering professional offices, studios, virtual space and executive offices. The project is also packed with 7 star luxury amenities like, theme restaurants, discotheque, gym, spa, crèche and much more. It will be India’s first absolute green building with LEED gold certification.

Mr.SushantMuttreja, MD, Cosmic Group says “We believe in providing something new to the customers. Due to heavy impact of globalisation, people are more influenced towards modern living styles as they feel that it more relaxing and comforting. Every project of ours, be it residential or commercial, we have offered seven star modern amenities and something new with respect to the concept. By this way, people get the best and modern facilities at their doorstep”.

Tag: office space, cosmic group, cosmic group Projects, cosmic group review,  offices, studios, virtual space and executive offices, Noida property, real estate,  Noida real estate

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INVESTMENT IN OFFICE SPACES: BEST WAY TO DIVERSIFY REAL ESTATE PORTFOLIO

Investing in office spaces is the best bet especially when you are a savvy investor in the real estate market.Investment in offices - one of the two key components of commercial real estate, other one being retail - is a great way to earn high rental income and profit from capital appreciation.

Environment where stock market is known more for unpredictable movement than decent returns, investing in real estate is considered safer. Residential is ranked the safest, due to friendly market dynamics (demand-supply condition). But it gives a small rental (2-5% value of the house per year) and good capital appreciation (mostly in double digits).

Small Office Space

However, people having significant amount of experience in the residential investment should also consider investment in office spaces as it diversifies the portfolio. Here, the rental income is 7-10% of the property's value per year, many times more than a house. But capital appreciation depends upon the timing of the investment and the position of the economy.

But why should one invest in property? Real estate investments in India have given superior returns than other assets such as equity and debt over the last five years.In comparison to an asset such as equity which is dependent upon several factors related to the underlying business like profitability, leverage and corporate governance, real estate investment is based on the underlying asset.

Investment management is different in offices than houses. Firstly, the investment prospect has to be much longer. Secondly, there is not enough scope for flipping these properties. Office units are larger than residential spaces. This means bigger investment.

With an investment of around Rs 10-50 crore, you can expect a rental yield of 9-10% per year. A larger investment (more than Rs 50 crore) can give you the leverage to earn a greater rental yield.

Office space in cosmic cruise

Nowadays, investment in office space is possible even if your budget is not big. Delhi-NCR in particular, has seen a sharp rise in the demand for smaller offices over the last few years. Herein, Noida expressway has been the hub for commercial projects and office spaces. The highway that connects the capital with Noida and Greater Noida has been the prime choice for investors. Krasa group, a major realty player in NCR region is coming up a commercial project in sector 140 Noida by the name of “Centrade Business Park” which is providing a blend of office and commercial space, a shopping mall, recreational facilities, etc. Mr. Arvind Singh, CMD, Krasa group says, “Investing in office and commercial spaces have always been much more rewarding than residential properties. The return gets many more times if the location and facilities are up to the mark. The kind of demand this market has been witnessing for office spaces, it is the best time and best deal to put your money in these projects.”

Unlike houses, there are first-time buyers even in down market; the demand for offices depends entirely upon the performance of the local industry. Each place has its own key economic players, potential tenants. Before investing, one must understand their requirements. For example, if IT companies rule the roost in your city, you would be better off with an office that can accommodate a good enough workforce that is typical of such companies.

In case of residential properties, one can also invest in a commercial property at an under-construction stage or find a pre-leased and ready office. The latter will save you the trouble of finding a tenant.

Cosmic group, one of the most prominent players of commercial real estate in Delhi/NCR has been delivering and coming up with its commercial project known as “Cosmic Corporate Park” providing seven star luxurious facilities and located in one of the most prime locations of Noida. Mr. Sushant Muttreja, CMD, Cosmic Group says,"It is always advised to invest in office or commercial spaces as the rental value is way higher than in residential. Even the capital appreciation is better. The only thing to be kept in mind should be the time of investment. Properties in construction phase are the safest deals as tenant tension is not there”.

In strata selling, the developer sells in smaller units and not large blocks.Though, office units typically require big investmentsas they are easier to manage. Reason for this is that a big amount can be invested in one huge property instead of multiple units (which will be the case in residential properties, where the ticket size is low).

On the flipside, one might face trouble in leasing the office when a tenant moves out. As a result, the property may stay vacant longer than a residential property.

Tag: cosmic cruise, cosmic group, Real estate, Project in noida, noida Property, commercial office space, office space, 

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GREATER NOIDA – FIRST PRIORITY FOR CHAIRMAN(GNDA)

After a long and undisputed success of Noida, Indirapuram and Raj Nagar Extn., government authorities have their hands and eyes all set for Greater Noida. Already known as the industrial and educational hub of NCR, Greater Noida has been witnessing enormous appearance of real estate developers for past few years. Massive land reserves and expansion of product line, developers are been constantly tempted to put a foot in Greater Noida.

Greater Noida Development Authority  Logo

Major realty players have been coming up with residential, commercial and commercial -cum- residential projects in the area. The scope of development is vast in this region as it was been kept untapped for decades. Big names such as Supertech, Jaypee, Amrapali, Cosmic group, Ajnara, Saya, KVD, ACE, Gaur and many more are all getting geared up with their projects. Many developers have already delivered their projects and families have moved in; few are still under construction and a major chunk of realty players are launching new projects. Ajnara India Ltd. a major realty player in NCR is coming up with its project in Greater Noida known as “Ajnara Le Garden” providing 2/3 BHK apartments along with all modern facilities. Ashok Gupta, CMD Ajnara India Ltd. says “Greater Noida, at present is the best deal for investment purposes. There is ample of space and scope for improvement and specially with the kind of infrastructure development it has been witnessing; be it Metro connectivity, education sector, health, etc., for the past few years, it is for sure that soon Greater Noida will become the first choice of every modern day investor”.

This rapid paced development has pushed the government authorities to work upon the infrastructure development. After the development of roadways and electrical sub-stations, chairman GNDA believes that METRO will boost projects in Greater Noida(West).
Rama Raman, CEO Noida authority and chairman of Greater Noida and Yamuna authority said, “At present, we have four metro projects – Noida City Centre to Sector – 62(6.7 Km), Kalindi Kunj to Botanical Garden(3.9 Km), City Centre to Bodaki (30 Km) and Sector 71 to Greater Noida west(7 Km). We have sent proposal of city centre – Greater Noida to the state governmentfor final approvals”.
It is been also said that the state and central governments will share 50 – 50 per cent financial burden on this project. “As several housing projects being launched in Greater Noida(w), Metro project would also boost the other development projects in the region”. Raman added.
With this kind of quick development, the demand for electricity and security will also increase manifolds in the region. In view of this, authority has planned to give Rs. 500 crore to electricity department to upgrade power supply in the region. This approach of authorities to modernise the region has made developers to bring about their best as well.

Gone are the days of modern or luxury facilities, todays developer is stressing upon using the provided infrastructure and giving its best. They are coming up with ultra-luxurious, seven star facilities in their projects, where you have everything under one roof. From shopping arcades to malls, homes to offices, disco, pub, spa, banks, gymnasiums, medical facilities, etc.

In view to this, another major realty player Cosmic Group has launched its commercial -cum- residential project in Greater Noida(west), Knowledge Park – V, known as “Cosmic Cruise”. The project has been spread across 10 acres with an IT park in shape of a cruise, providing seven star facilities along with pick and drop shuttle facility to the nearest metro station. The proposed metro station is said to be just one km away from the project. Sushant Mutreja, CMD, Cosmic Group says “Earlier, Greater Noida was a place only for industries and plants & machinery and it was regarded unsafe plus, difficult to reach. With so much of development carried out on infrastructure and connectivity, this place now has everything that a resident would require. Now, even Noida and Delhi have become extremely close, so investors feel to invest in what is new & best and this has driven people to invest here.”

With the proposed developments, the need for safety and security also increases. And the authorities are all set for the challenge.Putting light to this, Raman added, “We have asked the state government to provide us with 80 traffic constables and sub-inspectors. In total, we have demanded 500 constables. CCTV cameras are being installed at traffic signals. With this, traffic and security arrangements would be better.
JM Housing, one of the prominent real estate players of NCR is coming up with a project here by the name of “JM Florence”. The project is offering 3, 4 BHK apartments with lots of modern amenities. Rupesh Gupta, Director, JM Housing says, “As a developer we feel thankful to the state government for providing us with a place to build. It has got everything that a developer would want for its project. From a prime location to open roads, to metro stations, to hospitals, schools, etc. It has got all that we would want to flaunt our project with. After few years this place will be the ultimate destination of NCR for sure”.

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INDIAN REAL ESTATE IN 2014

After a fairly dull end to 2013, how do you expect Indian property prices to perform in 2014?There is no doubt that the underlying forces for a very buoyant residential real estate market in India have been there for quite some time. Also, there is no doubt that both domestic and international investors have recently shown an immense interest in this sector.
When we take into account the size of our country, the ever growing population and the rapidly changing dynamics, there is no doubt that there are very different opinions with regard to the small to medium-term prospects for the Indian real estate sector. So, what factors do you need to take into account when looking at Indian property?

Growth of Indian real estate

One of the most crucial factors has been investors switching to residential property.There is growing signal that despite the fact international investors and domestic investors, seemed to target commercial property at the beginning of the Indian real estate boom, residential property is now more in demand. There are quite a number of reasons for this increase in demand for residential property, many components of which are likely to continue for some time more to come.Ajnara India Ltd. one of the major realty players of Delhi/NCR has been developing several residential projects in the region. Mr. Ashok Gupta, CMD, Ajnara India Ltd. says, “The growth of demand for the residential property has increased manifolds over the last several years. Increasing population, diverse needs and investors from abroad have significantly taken the demand to the rise. We as a company have also moved our focus to residential development than commercial development due to current demand graph.”

Another major contributing factor has been the tightening of finance.While the Indian economy is expected to grow by 5% approx. towards the end of 2013/14 this is well down on the boom times of the recent years. Indeed the Reserve Bank of India has forecasted that inflation will end 2014 around 5.3% approx., which does seem fairly high, but is certainly a major improvement on the current level of 6.5% approx. As a result, financial institutions are now limiting ready finance for the real estate sector although interestingly this has opened up other options.Cosmic Group, one of the most trusted developers of NCR has been known for its project concepts have successfully launched several projects. Mr.SushantMuttreja, MD, Cosmic Group says, “Last year we saw a pretty stiff demand for real estate throughout the year. The decrease in purchasing power due to high inflation rate saw customers not willing to invest. Although experts feel the New Year will be a happy one for real estate sector as the demand forecast shows a commendable rise in residential property demand”.

commercial project in noida

Over the years, as we might expect in a boom real estate market, some of the developers overextend themselves on a financial basis and paid the price. Therefore, it is perhaps no surprise to learn that both international and domestic investors are now targeting partially completed developments which only require additional finance to get them over the finishing line. So, taking account of the lack of new developments and the relatively small number of partially finished developments this will likely help to maintain real estate prices in the short to medium term.

Growth of middle class may also be another contributing factor.The Indian and Chinese economies have performed tremendously well over the last five years or so, especially in light of the US mortgage crisis which impacted the worldwide economy in form of recession. There has been a slowdown in economic growth of late which has perhaps caused many economists to restraint in their optimistic forecasts from just a few months ago. However, the long-term dynamics for the Indian real estate market are still there, the growing population, an expanding economy, increasing foreign investment as well as a middle-class which continues to grow even during these challenging economic times.Ansal Housing, a developer which has been a benchmark for Indian Real Estate for decades has provided lakhs and lakhs of homes and offices have also witnessed the changing scenario of the sector. Mr.KushagrAnsal, Director, Ansal Housing says, “Indian Real estate has always been fragile due to the sentiments of people and being a developing economy. Last year we all saw the impact of diseconomy on this sector. Although, as the time will progress the new year might bring a positive graph of demand and most importantly; people to actually investing in property. We may also witness more of foreign investment than domestic or even people willing to invest more in commercial than residential”.

So, there is pent-up demand for long-term real estate property in India, the economy is starting to improve again and inflation is set to fall considerably which should all ensure a steady long-term progressive Indian real estate market. There may be ups and downs, there may be issues outside of the control of the Indian authorities but the dynamics required to expand the Indian residential real estate sector, as well as the commercial real estate sector, are positively in place.

Tag: cosmic group, Ajnara, Real Estate, Noida real estate, property in noida, property rate, commercial project, real estate investor, Real Estate developer, Indian real estate market, Ansal Housing

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INCREASING FAR: A BOON FOR THE REALTY MARKET

Now Noida is all set to grow further vertically. The recent news about increasing the current FAR from 2.7 to 3.5 has been received very graciously. And if everything goes to according to plan, the city will go greener and more customer-friendly which will mean more recreational spaces within residential units. The New Okhla Industrial Development Authority (NOIDA) has increased the floor area ratio (FAR); which is the ratio betweentotal built up area and area of land on which the building is constructed from 2.7 to 3.5, meaning more apartments can come up on a given plot. It is the ratio of the total floor area of the building compared with the total plot area. The constructed area would include the basic structure, walls, staircase or lobby space, if any. FAR differs from area to area within a city.Soon we may also observe Greater Noida also witness the same hike.

Indian Real estate growth index

This is extremely important from a buyer’s point of view. In case someone plans to invest in a property, the buyer can ask for the details on the total area of construction and the total plot area. Further, calculating the FAR will give a rough idea of the proposed population density in that particular property. This allowable FAR has a huge impact on the value of the land. This also provides with a fair idea of the appreciation possibility of the land. For example, if an area has a high FAR, it means there will be more number of apartments on the designated plot area. So in turn, a higher FAR will make a land costlier. This decision is also expected to increase the supply and help in containing real estate prices in Noida, which in turn will have a valuable impact on prices of residential units.

Mr. Deepak Kapoor, Director, GulshanHomz, says “This is yet another great news for the real estate sector. This will benefit both buyers and developers. Increasing FAR will allow the developers to construct more units in a project thereby increasing the revenue earned from the property. And the buyer, in the long run will get a higher valuation of their properties”.

Mr.Prashant Tiwari, CMD, Prateek Group, says “A piece of land is always limited and it cannot expand horizontally. So it’s a great news that the authorities have presented to us by increasing the FAR. This will allow us to build more flats and floors thereby increasing the number of residents in a project. It’s an even better news for the investors as this will help in returning higher profits on properties”.

Mr.SushantMuttreja, MD, Cosmic Group, says “When a project is constructed, most of the developers always leave some percentage of space for future additions. Increasing FAR is exactly what suits now. In the same area of land, we can now build more units. This obviously means that developers have more to sell; but the benefits received by the buyers will be more, as they will have access to newer units and later a higher return on investment”.

Mr.KushagrAnsal, Director, Ansal Housing, says “Increasing FAR will have an overall positive impact on the real estate sector and for all. The most important feature of this decision is that it will allow the supply of residential units to increase greatly which is a major sign of progress. Apart from that, the developers are earning higher profits and the buyers are getting better services and newer units along with increased return in future”.

Property for sale in noida

On the flip side, there are certain home buyers who fear that increasing FAR might make the quality of the houses to be compromised as more floors and flats built within the same area may also weaken the foundation of the tower which can be a risk for the residents. But the builders and developers of the regions have even better ideas for keeping their present and future buyers safe as developers have decided that; number of floors and flats would increase depending upon the architectural feasibility otherwise not. Also, in other cases if the towers and units are to be increased then the developers would adopt a rewiring technology to strengthen the foundation which in turn will prove to be safe.      

Mr.Vikas Chawla, Director, Maxblis says “The fear of some of the buyers is valid. But then it is a duty of the buyer also to check and verify about the details with respect to size of flat, plot and the remedy undertaken by the developer in order to negate the negative impact of the increasing FAR. Today, almost every developer is ready equipped with facilities and equipment to curb the cons caused by increasing FAR”.

Mr.Vipul Gupta, MD, Neobrix, says “This move will not only help the buyers to raise property prices, but also help boost the real estate industry that has been witnessing a slump. It will help builders make profits and maintain flexibility in their projects. Also, the kind of safety and security measures that are being taken by the developers today, it’s a safe bet for all. The customers need not worry about the quality after increasing FAR interferes a project”.

Tag: Maxbis, Neobrix, property prices, cosmic group, Prateek Group, Ansal Housing,  GulshanHomz, Noida, Noida property, Property developer, real estate investment, property for sale, buy property, property rate,

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DEVELOPERS FINDING NEW WAYS TO PROVIDE A BETTER LIVING

Residential real estate has always been a tricky yet rewarding market. The preference and demand is ever-changing due to diverse needs to customers. Developers now days are more into understanding and developing a property based on the unique demands of people. Every one prefers a society where there is everything available to them at their door step along with the choice of their homes.

Indian real estate market

Earlier projects were built with an idea of providing just houses. Now there is a lot more to it. Developers are building huge projects so that there are more number of units, different types of units and most importantly amenities. Now even the customers are ready to pay that extra penny in case they get something extra apart from their house. The Indian real estate market in general has always had a higher demand for 2 BHK units than 3-4 BHKs or even independent floors. The reason being, the purchasing power was quite less early. But due to increasing pay scales and over all development, customers are having a bit deeper pockets.

Developers have been tracking the buying behaviour of these customers and have come out with providing different options in one offering. For e.g. a 2 BHK flat may be available in varied sizes ranging from 1000 sq. ft. to 1400 sq. ft. and similarly for 3 and 4 BHKs. This allows the customer to decide whether to buy a spacious property with less rooms or vice versa or even both. Ajnara India Ltd. one of the most prominent developers of NCR has been constructing with all guns blazing. Presently they have 15 ongoing projects. There project sizes are different as well as the project offerings. Ajnara Integrity, a project located in Raj Nagar Extn. is offering 2, 3 and 4 BHK apartments in 15 different sizes ranging from 815 sq. ft. to 1775 sq. ft. Apart from these varied offerings, the project is offering various modern amenities such as pool, gymnasium, jogging track, multiplex, party lawn, waterfall, etc. The project has been located strategically as well so that a customer gets everything within a radius of 5 Kms.

Mr. Ashok Gupta, MD, Ajnara India Ltd. says, “There has been an immense change in the buying behaviour of people. Now a days they have a list of hundred questions and demands. People want spacious houses with less rooms, sometimes more rooms with less space is ok for them and at the same time they look for all possible modern amenities with a prime location along with schools, hospitals, etc. nearby. So, now even we have understood what they expect from us and we are sitting ready with our projects as well”.

One of the most innovative developers of NCR, Cosmic group had launched several residential and commercial projects in NCR. Urban Young located at Yamuna Expressway is a concept designed for the people young at heart. The project is offering 2, 3 BHK apartments along with luxurious penthouses. Its inhabitants will have access to all the amenities of the township; open green spaces, shopping arcades, hotels, schools, medical establishments, banks, sports centre, taxi stands etc.Here there will be as many as 4 barbeque areas, 2 restaurants, a nightclub, a soundproof discotheque, a pool, a spa and everything else you'd expect all in the premises. Come to Urban Young, experience a fun-filled life and live.
Mr.SushantMuttreja, MD, Cosmic Group, says “Yamuna expressway is the next best place to be. The location is wonderful. You have Agra on one side and NCR on the other. Also, the kind of infrastructure boost that is been provided by BIC and others gives it an extra edge. Our project is pretty much based according to the future aspects of this place. Our project is for people young at heart. There are many great amenities that the young crowd would enjoy. It is a metro city within itself”.

cosmic group project in Noida

Realty major of NCR, Gulshan Homz is coming up with a project in Sector 137, Noida expressway by the name of “Gulshan Vivante”. The project is a luxurious offering by the company and is offering 2, 3 and 4 BHK units. The project is located very strategically on the expressway with DND and FNG being only 15 minutes apart. Since the project being a luxury offering, it is providing all high class amenities that a customer would think off. There is a karaoke theme restaurant, a club, artificial mountain climbing facility, lush green surrounding, a games parlour, kick boxing ring, skating rinks, etc.
 Mr. Deepak Kapoor, Director, Gulshan Homz says, “This project was planned keeping in mind how can we better the living standards of the people. A modern day buyer has a lot of queries and expects answers too. So we have to keep in mind what exactly are the people interested in. We have now provided the society with a lot of options to choose from along with all possible world class amenities that are not very frequently heard off”.

Prateek Group, one of the major realty players of NCR has been known for offering high end luxurious projects. The group is coming up with another luxurious project in Sector 45, Noida by the name of “Prateek Stylome”. It is located very smartly as Sector 18 is only 2 mins away, another 2 mins from golf course and a walking distance to the nearest metro station. The project only offers 3, 4 and 5 BHK apartments and is providing yet again ultra-modern facilities such as lobbies with CCTV, high speed elevators, 24 hour power and water back up, 3 tier security system, personal splash pool with each apartment, theme landscaped garden and water bodies, etc. Mr. Prashant Tiwari, CMD, Prateek group says, “The demand for more room apartments have greatly increased. 2 BHK buyers have shifted to 3 and 3 BHK buyers to 4 and so on. This allows families to live with comfort and space. But still we offer different sizes so that budget issues can be erased. This greatly benefits us as we are able to cater to a larger audience. Our ultimate goal is to provide best possible living for all”.

Tag : Prateek Group, Gulshan Homz, Cosmic Group, Ajnara, 2 BHK, Ajnara India Ltd, cosmic group review, project in Noida real estate

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COSMIC GROUP PARTICIPATES IN “JEWELS OF UTTAR PRADESH”

Noida:Cosmic Group, one of the major realty players of Delhi/NCR again grabbed the limelight as it in participated “Jewels Of Uttar Pradesh” – a thanksgiving for the efforts of people helping in shaping up Uttar Pradesh organized by Zee News. The event was conducted at Radisson Blu, Noida and it witnessed the esteemed presence of Mr.Shivpal Singh Yadav(PWD minister, U.P), Mr. P.L. Punia(Chairperson, National Commission for S.C.s) and Ms.Jagdambika Pal (M.P. & Senior Congress Leader, U.P.).

Sushant Muttreja, MD of Cosmic Group

We all know that without Uttar Pradesh’s development, the progress of the country is incomplete. This inspiring and interesting event was a compilation and recognition of nine charismatic business personalities of Uttar Pradesh whose dedication and entrepreneur skills have had the most significant impact on the overall growth and development of U.P.
Jewels of Uttar Pradesh:

• Pioneering the paths of knowledge –Mr. Anil Kumar Agarwal, H.R. Group Of Institutions, Ghaziabad
• A True Champion Of The Cause –Mr.Arvind Kumar Goel, Educationist & Philanthropist, Moradabad
• The Messiah Of Traditional Medicine –Mr. Hakeem KhursheedMurad, Chairman, Mystic group, Bareilly
• The Saint In A Suit –Mr.Jitendra Singh Chauhan, Multiple Council Chairman Lions Club International, Agra
• The Man With The Gift Of Vision –Dr.Mahendar Singh Basu, Basu Eye Hospital, Bareilly
• The Man Of Grit & Initiative –Mr. Mahesh Chandra Agarwal, Omsons Group, Moradabad
• Will, Spirit & Wisdom –Mr. Narayan Das Agawal, GLA University, Mathura
• Unrelenting Enterprise –Mr.Pawan Kapoor, CEO, HCBL Bank, Lucknow
• The Golden Man Of Real Estate –Mr. S.K. Garg, Eldeco, Lucknow

Jewels of Uttar Pradesh 

The lighting of lamp was done by the chief guest Mr.Shivpal Singh Yadav and the thanksgiving was done by Mr.Vasindra Mishra, Editor (Regional Channels), Zee News. The event was concluded with cocktail and dinner. Looking at the success of the event,
Mr.SushantMuttreja, MD, Cosmic Group said, “It gives me immense contentment to be associated with this venture by the Zee Group. I laud them for the commendable effort they have put in this event and the considerable amount of energy they are investing in bringing Uttar Pradesh to the forefront. Lastly, I thank the people at the heart of this virtuous effort and hope that they meet with success in every venture undertaken keeping the people and society at the hub of their endeavours”.



Tag: Cosmic Group, Cosmic Group Noida, Cosmic Group Project, Cosmic Group,  Zee News, Zee Group, JEWELS OF UTTAR PRADESH

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COSMIC GROUP ORGANIZES BLOOD DONATION CAMP

New Delhi: Cosmic Group, one of the major realty players of Delhi/NCR organized a Blood Donation Camp at JeevanAnmol Hospital in MayurVihar Phase I. Cosmic Groupis an emergening Real Estate Developing company in the Indian realty space with 25 years of satisfactory deliveries. Their passion and aim is to be a respectable and trustworthy builder & developer in the competitive world of real estate in India and abroad. With diversified functioning areas in Residential, Commercial, Retail, IT Parks, Hospitality and Education sector, we have created our niche and have won the trust of satisfied customers, associates, alliances and investors alike.

Blood donation camp

Cosmic Group is one of the very few real estate players who believe in doing something for the society. Cosmic group provides education facilities to those who are not fortunate enough, and by conducting a blood donation camp second time in succession this year; it proves how much the society matter to them. This year as well, the camp witnessed an overwhelming response from the public. 96 people came and did their bit to help and promote this noble cause.

Blood donated by cosmic employee 

Mr.Shekhar Muttreja, Director, Cosmic group says, "donating blood is an honest help to a person in need. Through this camp we just wanted to help the hospital and wanted to increase awareness about the benefits of blood donation. We were overwhelmed by the response and hope that this noble cause will be further supported by many".

Tag: Residential, Commercial, Retail, IT Parks, Hospitality and Education, blood donation camp, cosmic group, 

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COSMIC GROUP JOIN HANDS WITH MOHD. AZHARUDDIN

New Delhi:After being in news for its successful projects and ongoing social responsibility events; Cosmic Group, a major realty player of Delhi/NCR has announced the appointment of politician and former Indian cricketer Mohammad Azharuddinas the council director of the company.

Mohammad Azharuddin (born 8 February 1963) is an Indian politician and former cricketer. He was an accomplished batsman and captained the Indian cricket team for much of the 1990s.He is a member of the Indian National Congress, Azharuddin had won from the Moradabad constituency of Uttar Pradesh to the Lok Sabha.

Cosmic Group, who has been a name to reckon with in the Indian realty sector were extremely delighted with the news. Mr. Sushant Muttreja, CMD, Cosmic Group said “It is an honour and privilege to be associated with a person of such stature. Mr. Azharuddin was the best cricketer and captain of his time and now doing great into politics. We hope his knowledge and experience comes to the utmost use to us. We are now looking forward for a new and never ending partnership with him.”

Tag: cosmic group, MOHD. AZHARUDDIN, Sushant Muttreja, Real estate, Noida real estate, property in noida, commercial office space

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COSMIC GROUP DOUBLE THE JOY WITH BHOOMI POOJAN OF TWO OF ITS PROJECTS

Noida: Cosmic Group, one of the most prominent realty players of NCR organized and celebrated the bhoomipoojan event of two of its projects. The two projects namely, Urban Young and Cosmic Corporate Park 154(CCP 154) have already stormed the headlines with its innovative concepts. The bhoomipoojan for Urban Young was conducted at 9 AM at the site on 19th January, 2014. On the same day, the bhoomipoojan for CCP 154 was done at 11AM in the morning. The event saw a big gathering of employees, investors and media as it was later concluded by lunch and a few musical performances at CCP 154 site.

Urban Young located at Yamuna Expressway is a concept designed for the people young at heart. The project is offering 2, 3 BHK apartments along with luxurious penthouses. Its inhabitants will have access to all the amenities of the township; open green spaces, shopping arcades, hotels, schools, medical establishments, banks, sports centre, taxi stands etc.Here there will be as many as 4 barbeque areas, 2 restaurants, a nightclub, a soundproof discotheque, a pool, a spa and everything else you'd expect all in the premises. Come to Urban Young, experience a fun-filled life and live.

On the other hand, Cosmic Corporate Park 154is a commercial project situated at sector 154, Noida expressway and is offering professional offices, studios, virtual space and executive offices. The project is also packed with 7 star luxury amenities like, theme restaurants, discotheque, gym, spa, crèche and much more. It will be India’s first absolute green building with LEED gold certification.
Mr.SushantMuttreja, MD, Cosmic Group said, “We are feeling extremely excited and delighted for finally starting with our projects. It’s been a wonderful journey for planning and executing these projects. Both these projects are unique with respect to their concepts and such concepts have not been seen in the country till date. I hope that we keep on receiving such overwhelming response from people the way we did today”.

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Noida Expressway known as the commercial hub of NCR,

Cosmic Group Logo

After a long and undisputed success of Noida, Indirapuram and Raj Nagar Extn., government authorities have their hands and eyes all set for Noida Expressway. Already known as the commercial hub of NCR, Noida expressway has been witnessing enormous appearance of real estate developers for past few years. Massive land reserves and expansion of product line, developers are been constantly tempted to put a foot in this region.
Major realty players have been coming up with residential, commercial and commercial -cum- residential projects in the area. The scope of development is vast in this region as it was been kept untapped for decades. Big names such as Supertech, Jaypee, Amrapali, Cosmic group, Ajnara, Saya, KVD, ACE, Gaur and many more are all getting geared up with their projects. Many developers have already delivered their projects and investors have moved in; few are still under construction and a major chunk of realty players are launching new projects.

cosmic Cruise greater noida

 
This rapid paced development has pushed the government authorities to work upon the infrastructure development. After the development of roadways and electrical sub-stations, government is planning to bring about certain more infrastructural up gradations.
With this kind of quick development, the demand for electricity and security will also increase manifolds in the region. In view of this, authority has planned to give Rs. 500 crore to electricity department to upgrade power supply in the region. This approach of authorities to modernise the region has made developers to bring about their best as well.

Gone are the days of modern or luxury facilities, todays developer is stressing upon using the provided infrastructure and giving its best. They are coming up with ultra-luxurious, seven star facilities in their projects, where you have everything under one roof. From shopping arcades to malls, homes to offices, disco, pub, spa, banks, gymnasiums, medical facilities, etc.

In view to this, major realty player of Delhi/NCR Cosmic Group, has launched its several commercial projects in this region known as “Cosmic Corporate Park, Cosmic Corporate Park 140 and Cosmic Corporate Park 154”. These projects has been spread across several acres with office spaces, IT plots, studio apartments, etc.; providing seven star facilities along with modern and comfort lifestyle. SushantMutreja, CMD, Cosmic Group says “Earlier, Noida expressway was a place only for industries and plants & machinery and it was regarded unsafe plus, difficult to reach. With so much of development carried out on infrastructure and connectivity, this place now has everything that aninvestor would require. Now, even Noida and Delhi have become extremely close, so investors feel to invest in what is new & best and this has driven people to invest here.”

 

Tag: cosmic Group, Cosmic Corporate park, cosmic group Project, Noida property, Property in noida, Noida real estate, Noida expressway, Cosmic group project

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La Gracia City Of Romance : Cosmic Group New luxury Project in Rishikesh

Cosmic group, a major realty player of Delhi/NCR has started to go beyond limits. They have recently announced the launch of their ultra-luxurious project at Rishikesh known as “La Gracia City Of Romance”. It is located at an approximate altitude of 4500 ft; 25 Kms away from Rishikesh on the Tehri – Gangotri NH 94, just 2 Kms from Ananda. The place is already known for its virgin beauty and religious destinations; and nothing can be better than living in a place like this or even visiting during the weekends. People of all ages and all interests would love to be here.

La Gracia City of Romance, Rishikesh 

The Projectis providing world class amenities which will help you take the stress off your mind. Facilities to pamper you in a spa, bathing in a Jacuzzi or a Turkish bath and even relax with therapeutic massages offered by internationally trained therapists. Project is also providing meditation and a prayer area for those seeking calm and peace. For people young at heart and minds; there is an availability of trekking and mountain biking. There are special packages for first time honeymooners as well.
The project offers:
Elegant Signature Villas:  Designed as an amalgamation of traditional British/Colonial architecture and ultra-modern amenities, these signature villas represent a beautiful combination of modern technology and regal architecture.
Size: 7456 sq.ft with Ground+First+ second floor

Premium Swiss Chalets: Based on 19th century German Architecture, this unmatched swiss abode places one in a swiss town setting. With lush green surroundings these specially designed swiss chalets can leave one mesmerized and delighted.These are divided into four categories.

Emperor's Chalet- Size: 10313 sq.ft with Ground+First+ Second + Third floor
Prince's Abode: Size: 5158 sq.ft and 5147 sq.ft
King's Chalet: Size: 9294sq.ft with ground+1st+2nd+3rd floor
Opulence: Size:4881 sq.ft

Presidential Suites: luxurious suites with perfect amalgamation of the 'Indian Beauty' and 'Swiss Elegance'. Size: 1291 sq.ft

Luxury Studios: Located on high-street boasting various popular brands, the accommodation place you in the heart of the city's shopping hub. With Garden balcony and Spread out bedroom the whole experience is quite enriching.
Size: 775 sq.ft

BSP of 'La Gracia City of Romance'= Rs 6840 per sq.ft

The project has also been equipped with discotheque, banquet and a revolving restaurant. That’s not all. Home is no longer just a place to sleep. 24/7 on call butler service, along with laundry service combines with comfort, with that cosy feeling intact. The project is offering villas, suits, studios and cottages so that the residents should not feel themselves any lesser than kings or queens. The project has also provided some very unique features that cannot be seen anywhere else. Special honeymoon suits for first time honeymooners, a train of love that will be running throughout the boundary of the project passing through a natural cave and some jaw dropping sights.
City of romance provides an unbeatable locational advantage as well. 5 mins drive to the sacred Mata kunjapuri temple, on the way of chaar dham yatra, 36 Kms from Dehradun airport, 41 Kms from Haridwar railway station, within 250 Kms from Delhi and finally very close to the upcoming four lane expressway to Haridwar. Such a location will do wonders for people visiting and investing here.
Mr. Sushant Muttreja, CMD, Cosmic group says, “our concept of planning the project was to give our customers the luxurious feeling of regal era with swiss and german designs yet with all the modern amenities which one can think of. The concept of bringing it in Rishikesh was due to the scenic beauty and the lush green surroundings which was a necessity to complete the whole experience. Our buyers are mainly people who look for a house where they can spend their holidays and also stay with luxury and can spend some time with their spouse and family under nature's natural beauty.”

Tag: Cosmic Group, Cosmic project in rishikesh, city of romance, cosmic city of romance, Vill in rishikesh,

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Cosmic Group awarded with “Eco-Friendly Commercial Building Of North India - 2013”

New Delhi, November 19, 2013 - In an exclusive event held in New Delhi before a huge gathering of people from Industry, Media etc., an award ceremony was organized to honor the developers and construction companies for their remarkable achievements in the real estate sector. Awards were meant for only those builders who are doing great work and are providing best quality eco-friendly buildings. At this exclusive event Cosmic Group, a renowned real estate company based in Delhi/NCR was awarded the “Eco-Friendly Commercial Building Of North India - 2013” award for their successful project, “Cosmic Corporate Park, Yamuna Expressway”.

Cosmic corporate park, 10 Tech Zone Greater Noida

What makes Cosmic a name to reckon with, is its emphasis on quality works and execution within the given time frame. Cosmic group is a renowned name in the real estate sector with an experience of more than two decades guiding through its growth Delhi, Mumbai and NCR being its major centre of operations. Established in early 1980s, Cosmic is today a leading real estate developer in NCR. Known for the quality and innovation of its products, it is one of the first developers to have diversified its functioning verticals in Residential, Commercial, Retail, IT Parks, Hospitality, Healthcare and Education sectors.
The company has a mission to work on innovative concepts, strive for all round industry growth, and to raise and redefine the living and housing standards of the country with their path-breaking concepts. Their aim is to be amongst the industry pioneers and address the real estate needs of the masses of the country. The group endeavours to be internally acclaimed bench mark in quality, performance and customer service with highest professional record, in all four segments of ultra-luxurious, luxurious, affordable and economical infrastructure.

Cosmic group, in the past also, had been rewarded as the “Emerging Developer Of The Year (Commercial), Real Estate Professional Of The Year and Concept Of The Year”. According to Mr. Sushant Muttreja, CMD, Cosmic Group, “We try to make a meaningful contribution towards the infrastructural development of the country and aim to work only and only on absolutely clear title projects. We follow a balanced approach among industry verticals like Residential, Commercial, Retail, IT Park, Hospitality, Healthcare and Education. We believe in under-committing and over-delivering and honoring all commitments made... always”.

Tag: Cosmic Group, cosmic corporate park, Real Estate developer, Real estate builder, commercial office space, office space, Retail shop, virtual office space

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Commercial real estate has become a vital form of real estate today.

A very different and recent form of real estate is the commercial real estate. Apart from a few renowned commercial buildings in the country, the commercial real estate saw a big boom in the late 90’s. As the globalization started to spread its effect, big brands started to come in India. This in turn made the builders to develop new form of properties; the retail, office spaces, virtual offices, etc. Started with DLF, Emaar MGF, Supertech, Ansal Housing, Cosmic Group etc., commercial real estate has become a vital form of real estate today.

Cosmic Corporate Park, 10 Tech Zone Greater Noida

How is it different from residential?

A commercial real estate is recognized as a more professional work of construction. It involves better and unique architectural designs, construction, better location, connectivity, schemes, etc. A commercial property may be developed as small as 200 sq. ft. to as big as 200000 sq. ft. or more. Whereas, in a residential property a builder has to first think about what kind of property to build; whether an apartment, penthouse, villas, etc. Depending on the structure, then the size is decided on the basis of number of rooms to be built. Therefore, a lot of money and planning is involved for the commercial real estate.

Connectivity

Another major differentiator between the two is the connectivity factor. For a residential property, the connectivity is thought off on the basis close by infrastructures such as schools, colleges, hospitals, markets, etc. This is important as the users of these are families, couples, old aged people and children. In contrast to this, commercial real estate majorly requires transportation arrangements in close vicinity such as metro stations, bus stands, taxi stands, parking lots, etc. Also, it is very important to have a belt of commercial properties in one region and based on this concept, many sectors are been built purely with commercial properties. Mr.KushagrAnsal, Director, Ansal Housing, says “If the commercial properties are not well connected, it becomes nearly impossible to sell them. It is extremely important to have good infrastructure and transportation facilities available nearby so that it becomes easier for users and buyers to buy and use a property”.

Location

Commercial properties are mostly built on the outskirt regions or highways. This helps in preventing the traffic. Having an office in a residential area may create lot of disturbances w.r.t noise, traffic, etc. Therefore, a commercial property now a days is been built kept in mind to avoid the residences. Ajnara India Ltd., a major realty player of NCR has developed several residential and commercial projects in the region. Mr. Ashok Gupta, CMD, Ajnara India Ltd. says “Location plays a very vital role in deciding whether to develop a commercial property or a residential property. I believe it is better to a commercial property connecting regions such as long roads and highways. There we have lots of lands available plus it becomes easily accessible for the people and also avoids nuisance in the residential areas”.

Offers and Schemes

Building a commercial property requires lots of funds and investment, even more than a residential property. Since the investment is more, the return will always be more. It is often seen that a 500 sq. ft. commercial property will give a return more than a 2500 sq. ft. of residential property. So, it is always beneficial for a developer to build and sell a commercial property. Therefore, for commercial properties there are different schemes and offers, one of which now a days is an assured returns schemes bought by developers. Cosmic Group, a group known for its unique real estate concepts has developed several commercial properties. Mr.SushantMuttreja, MD, Cosmic Group says “Today, developers have several ongoing commercial projects in NCR. They are offering assured return schemes on them. This allows the buyer to start getting returns from the date of booking till possession. After that, the property can be put to lease or sold. Therefore it is an all win situation for the buyers. Also, the margins are so good on these properties that even thebuilders get their share of profits.”

Future

As far as commercial real estate is concerned, it is already witnessing a boom in the market due to a high demand of offices, retail, service apartments, etc. This will continue to grow as the developers are planning and introducing newer and unique concepts w.r.t enhancing the official lifestyle of a user such as providing spas, gyms, yoga centres, jogging tracks, café areas, restaurants, shopping complexes, etc. at a commercial property. Features like these are sure to keep the demand graph rising for commercial real estate.GulshanHomz, a realty major in NCR is planning to come with its first commercial project. Mr. Deepak Kapoor, Director GulshanHomz says “After delivering several residential projects, we are planning to come out with a commercial project. The returns are way higher and now the demand for the commercial properties have risen greatly over the past few years, especially in NCR. We see a number of MNCs also trying to enter in these regions. So, it will be a rather better deal to develop a commercial property”.

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Tag : Cosmic Group, Cosmic Group Review, Cosmic Group Project, Commercial project in noida, Office Space in Noida, Reatail Space, Vitual office space, Real estate developer, Commercial office space.

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