Types of "Home Loan" ...

Types of Home Loan

Everyone in this world dream for a home. But these days property rates so high that, it is difficult for common people to buying dream home through their savings.
                                               In India Home Loan is the best option for any common man who is planning to buy a property.Usually, people think that a home loan is one of the biggest liabilities. Considering the huge amount and the long tenure involved, however home loan also offers some benefits.

Home Loan

1. HOME PURCHASE LOAN

This is the most popular and commonly availed home loan where the loan amount is utilized to purchase a residential property. Financial institutions usually provide up to 80-85% of the market value of the house as loan amount. The interest rate on these loans is either fixed,floating or hybrid

 2. HOME CONSTRUCTION LOAN

This is the most popular and commonly availed home loan where the
loan amount is utilized to purchase a residential property. Financial institutions
usually provide up to 80-85% of the market value of the house as loan amount. The interest rate on these loans is either fixed,floating or hybrid Some borrowers of home loan would like to construct a house as per their own design specifications instead of buying a ready to move house from the market.To serve this segment of loan takers, financial institutions issue home loans to  applicants to construct a house on a plot owned or co-owned by them. The loan application and approval process for home-construction loans are different-in certain aspects than from the commonly available housing loans."The plot or land on which the house has to be
constructed should have been bought within a year for its cost to be included in the total loan amount. Unless this condition is satisfied the value of the plot cannot
be included in the total loan amount.
"The borrower has to make a rough estimate of the cost that will be incurred for the construction of the house, which will be part of the loan amount. If the cost of plot is not included in the loan amount,only the estimation for construction of house is taken into consideration,"

3. HOME EXTENSION LOANS

Home expansion or -extension loans are useful for people looking to expand their existing house. Expansion can include alteration of the current structure of the house
to add extra structures like a new room, staircase, balcony, compound wall, etc. Few banks differentiate this loan based on the purpose of expansion of the current
house. Most banks include this type of loan as part of their home-improvement
loans.

Latest Home Loan Rate (Source : Times Property 13 Dec 2014)

4. HOME IMPROVEMENT LOANS

Home improvement loans are another popular form of loans usually taken by individuals who own a house, but lack funds to renovate it. Renovation like repairs to existing house, painting of the walls, digging a bore well, water-proofing, electrical wiring, among others, can be carried through this loan.

5. NRI HOME LOANS

NRI home loans are specialized home loans that assist non-resident Indians who are interested in buying residential property in India.Though the structure of this home loan variant is similar to the regular home loans, the paperwork is a bit more exhaustive.

6. HOME CONVERSION LOANS

Existing home loan borrowers who wish to move into another property can avail a home conversion loan to buy a new house.

7. LAND PURCHASE LOAN

 A land purchase loan is exclusively meant to purchase plots for residential purposes.

Tag : Home Loan, Property In India, property in India, residential property in India, buying residential property, Home improvement loans, Home Conversion Loans, NRI Home Loan, Home Improvement Loan, Home expansion Loan, 

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Check The Latest Construction Update Of Cosmic "City Of Romance"

Latest Construction Update Of Cosmic "City Of Romance"

"La Gracia City Of Romance" is Switzerland taking shape in the Himalayas. Inspired by Swiss architecture, it is situated in the heart of the serene, Himalayan Mountain and over look the sacred Ganges river. Surrounded by lush greenery, beautiful spiritual tranquility and world class amenities it has been thoughtfully designed to offer the best of the world

Apart from luxury villas, Chalets and suites, La Gracia City of Romance also offer a plethora of excitement with the kissing train, Wall of memories, cuckoo cafe, club psyche, The Black Forest Spa, and cupid court.

Cosmic "City Of Romance" , Rishikesh

Please click on album to view Cosmic "City of Romance" Construction Update.. 

     

Photo Gallery of cosmic City of Romance construction Update


Tag: Cosmic City Of Romance, City Of Romance, City of Romance Construction Update,  Villas in Rishikesh, Hill Station, La Gracia City of Romance, La Gracia City Of Romance, luxury villas, Cosmic Group project in Rishikesh, Cosmic Group Review,  

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Check "Cosmic Corporate park" Construction Update

Cosmic is set to changes this outlook to your workplace with unique and state of the art office complex, cosmic corporate park. An office that embodies comfort and convenience, life at cosmic corporate park is as its absolute best.

cosmic corporate park

Cosmic Corporate Park Construction Update Photo Gallery



Tag :  Cosmic Corporate park, Cosmic Corporate park construction, cosmic corporate park construction update, cosmic croup project, cosmic group review

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Check Construction Update of Cosmic "Casa Italia"

Cosmic Casa Italia

Cosmic "Casa Italia" is one of the most comprehensive mixed use project from the house of cosmic which competes in a class of its own..

Cosmic Casa Italia

 

Photo Gallery of cosmic "Casa Italia" construction update


Tag:  Construction Update, Cosmic Casa Italia, Cosmic Projects, cosmic construction update, cosmic review, cosmic group review,

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"Cosmic Group" Started Construction on 'Cosmic Urban Young', Yamuna Expressway.

Cosmic Group Started Construction on Cosmic Urban Young, Yamuna Expressway

"Cosmic Urban Young" Yamuna Expressway, Construction update.

Cosmic Urban Young Construction Update photo Gallery..


Related Link:-


Check "Cosmic Cruise" KP-5 Greater Noida, Construction Update.


Check "Cosmic Corporate Park 140" (CCP-2) Noida Expressway, Construction Update.

Check "Cosmic Corporate Park " (CCP-1) Yamuna Expressway, Greater Noida Construction Update

 
Tag: Cosmic Urban Young construction Update, cosmic Urban Young, cosmic Residential Project Construction, cosmic Group construction, cosmic group review, cosmic group project review, cosmic group project construction, Noida developer project construction.

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Check Cosmic Cruise Construction Update

Cosmic Group Started construction on cosmic Cruise KP 5, Greater Noida

cosmic Cruise KP 5, Greater Noida construction update

Cosmic Cruise Construction Update photo Gallery..

Related Link:

Check "Cosmic Corporate Park- 140" ("CCP-2") Construction Update. 

Check Cosmic Urban Young, Yamuna Express Construction Update.


Tag : Cosmic Group, Cosmic group Project, cosmic Group construction Update, cosmic Urban Young construction, cosmic Urban Young Project review, cosmic group review, cosmic residential Project.

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"Cosmic Group" started construction on Cosmic Corporate Park 140

"Cosmic Group" started construction on Cosmic Corporate Park 140, Noida Greater Noida Express way.. 

 

Cosmic Corporate park 2 Construction Update

 

Cosmic Corporate park-2 Construction Update photo Gallery..

Tag : Cosmic Group, Cosmic Group Projects, Cosmic Group Construction Update, Cosmic corporate park Construction, cosmic Corporate park review, cosmic group review.

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Watch DDA Draw Live -Housing Scheme 2014

DDA Draw Live -Housing Scheme 2014 

DDA provide live streaming of DDA Draw Result of DDA Housing Scheme 2014.

For Watching live DDA Draw Result of  Housing Scheme Please click the below link

DDA Draw Live result- housing scheme 2014

Official Site of DDA

http://www.ddadrawlive.in/

Tag: DDA, DDA result, DDA Live Result, DDA Draw, DDA Housing scheme result 2014, DDA Flat allotment result

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DDA Result 2014

After long wait DDA announce the DDA result on 25 Nov 2014,
Last 10 days everyone eagerly waited for this day. This day is very specious day because DDA result  provide 25000 house to needy people.

For checking your DDA Result Please Click To below Link: DDA Result 2014

Result Of DDA Housing Scheme 2014

Download  :  DDA PDF Result

DDA Result 2014

Related Link

Check Your DDA Flats Application Status



Tag : DDA, DDA Result, DDA Status, DDA Result 2014, DDA Housing Scheme, Delhi Housing Project, DDA Draw

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LEED Certification in Real Estate

The LEED Certification system has today made its way into the lives and minds of a large chunk of consumers looking for a piece of commercial or residential real estate space. The primary reason behind this is the fact that more and more individuals are today waking up to the need of creating a future that can bear the burden of an ever rising population and realizing the importance of environmental stability for the sustenance of the human race. There is a host of responsible real estate organizations taking the initiative and developing their structures in accordance with the norms and requirements of the Green Building Concept

 

LEED Certification

What Is LEED Certification?

There are several different types of buildings that are assigned a Green Building status by a US based organization called the USGBC or United States Green Buildings Council. This is the premier organization awarding Green Building status to various constructions basis their structural, design and operational facets. In this regard, the USGBC has put in place a special rating system commonly known as LEED (Leadership in Energy and Environmental Design). This system evaluates building on the merits of different elements such as siting, design, architectural elements, power consumption and renewal and so on. It is on the cumulative scores for these different elements that a consolidated score is assigned to the building classifying it into one of the four categories namely Certified, Silver, Gold and Platinum. 
 

LEED Certificate Point calculation (Click to enlarge view)

The LEED rating system aims to achieve a classification of buildings based on their potential environmental impacts and potential human benefits of each element. The primary intention behind the entire endeavor is to ensure that constructions are met with the necessary guidelines and developed with technologies that are economically viable and environmentally sustainable.





Tag: LEED, LEED Certification, Green building concept, LEED  certificate in real Estate,  Green Buildings, certificate in real estate.

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Why Invest In Real Estate Projects in Noida ?

According to investor’s Investing money in property is the best option to gain good Profit. Value of real estate keeps appreciating year on year. Buying property continues to be one of India's favorite’s ways to earn good return on your money. And one time investment in a New Housing Projects in Noida will eventually become a great asset in your hands in the long run. Here are some reasons why you should buy New Housing projects in Noida. An investment property should be about increasing your wealth and securing your financial future. There is however, a common misconception that property investing always delivers positive returns, while this is true most of the time it certainly isn't an instant road to riches. You need to keep in mind that how effectively you manage your investment will determine whether or not the investment helps you reach your financial goals.

Now I give you a brief idea about, Why Invest In Real Estate Projects in Noida ?

Noida Map

Location

Noida is located in the state of Uttar Pradesh near the national capital of India. NOIDA is only 14 Kms. away from Connaught Place (Delhi). 550 mtr. long, eight lane NOIDA Toll Bridge across Yamuna connecting Delhi to NOIDA
Noida is bounded by NH-24 Bye-Pass in the North beyond which the Ghaziabad Development Area exists, in the East by River Hindon beyond which Greater Noida Industrial Development Area exists, in the West by River Yamuna, beyond which are the States of Delhi and Haryana and in the South is the meeting point of the rivers Yamuna and Hindon.

Green and clean City
Noida is developing, as a green heaven - named GREEN NOIDA CLEAN NOIDA, totally free from pollution, and traffic-jams, the Authority has developed a number of green belts, gardens and parks. Noida stands at 17th place when it comes to cleanliness of a city in India

GIP Mall  Sector 18 Noida

Infrastructure development
Noida is developing modern, efficient and comprehensive infrastructure comprising of residential facilities, commercial areas, business centres, office complexes, recreational areas will complement the continuously developing industrial sectors, Roads, Fly over  within the Noida limits. The manifold advantages of being in Noida include the abundance of skilled, semi-skilled and unskilled labour and a ready access to the services of experienced managerial personnel
Power and Tele-communication
 Utter Pradesh government to provide good connectivity of electricity and broadband services so industry and corporate sector grow.

Roads in Noida
Noida  roads are smooth and wide for movement of traffic with ease and comfort. It is easy to commute between Noida, Delhi, Greater, Gaziabad, Gurgaon, Agra and Mathura.

Delhi to Noida

Law and Order
Noida Police is active to maintain Law and order in Noida. Noida set up good Network of Police Posts, Police Stations and round-the-clock Police Patrolling

Real Estate Projects
Noida is developing luxury residential and commercial Project for the working professional and also developing hospitals, mall, school colleges.

Amity University Noida

Institution
Amity International, Apeejay, Army Public School, D.P.S, Khaitan, Cambridge, Somerville etc. are providing school level education facilities to not only the children of NOIDA residents, but also to residents of Delhi. The number of higher Educational, Management and Technical Institutions also abounds in Delhi. To name a few are NIIT, ITP, Infosys Computer Education Centre, V.V.Giri Labour Institute, J.S.S Engineering College, Women's Polytechnic, Amity Business School, Amity School of Information Technology, Amity Institute of Biotechnology. Leading Management Institutions like IIM is also making NOIDA one of its centers of operation


Sports & Games
Stadium at Sector 21 Noida is being developed for international-level sports and games. In addition, UP government planning to develop two indoor stadium where badminton, table tennis, weightlifting and basketball competitions can be organized.  Also the Yamuna water body along the Okhla Barrage has been identified for water sports,
NOIDA has also a Golf course of International Standard. The authority has also undertaken the construction of Indira Gandhi Cultural Center, which will serve as a forum for various social-cultural activities of this integrated township.


Tag: Noida, Noida Property, property in Noida, Noida Real Estate, Projects in Noida, Plot In Noida

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DDA Flats Draw Results 2014

Most awaited result of DDA housing scheme 2014 may be announce on 24 th Nov 2014.

DDA

Useful Link :-

DDA announce Result 2014



Tag-  DDA,  DDA Result, DDA result 2014, DDA Housing Scheme 2014

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Cosmic Group - Cultivating and Nurturing Buyer's Trust

The recent imbroglio that one of the big names in real estate has found itself in has left many shocked. In particular, the confidence is pretty low among buyers planning to own a house in Delhi. The end of the year is a time when home buying activity as its peak and in the backdrop of those well known names biting the dust, it is apparent that the industry needs to take stock of the situation and come out strong from this mess.
Thankfully there is a clear demarcation that separates the greedy groups from builders who have clear goals of delivering state of the art real estate options for the discerning buyer. Let us take a closer look at what separates different builders.

Delhi NCR Property

Deliverance versus Commitment

Buyers lose confidence on their builders when they are faced with countless instances of failure from builders to deliver on time or meet deadlines and project promises made during promotions. This is quite commonplace in Indian reality. Vikash Raj Sharma, Director, Cosmic Group says, "Usually people have the tendency to speak high, but when it comes to executing those things, he finds himself nowhere. Deliverance is more important than commitment". The lack of transparency as well as limited resources to meet demands has forced some builders to make tall promises and fail out on them.

Trust Building Begins At the Grassroots Level

The sense of responsibility begins when groups realize the significance of trust buyers place on them. When this sense of being responsible for converting buyer's dream into reality settles, builders become better at making more responsible commitments that can actually be completed. Shekhar Muttreja speaks of the origin of Cosmic Group when they were largely into hydro electrical projects and thermal projects, but as the group expanded and got better, they began realizing the demand for their brand. He values his team and ethics which he believes is the reason why Cosmic Group is becoming popular among buyers.

Tag: Property in delhi, Property in Noida, Residential property In Noida, Real estate Developer, Cosmic Group, cosmic group Complaint, Cosmic group review.

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DDA Housing Scheme 2014 Draw Process

Delhi Development Authority use computerized draw process for allotment of flats, It is based on random number indicated technique the complete draw process is comprised of three stages I.e.  randomization of application and flats, picking of lucky numbers and finally the mapping of applicants and the flats for detail description

DDA Housing Scheme 2014 Draw Process

 For more information about DDA Housing Scheme 2014 Draw Process please visit :http://bit.ly/1tWqWR8

Want to know your DDA Flats Application status Visit : http://bit.ly/1tw56CE

Tag : DDA, DDA Flats, DDA Results, DDA Housing Scheme 2014,   DDA Draw Proces, DDA Result 2014

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Know Your DDA Flat Application 2014 Status

You worried about your DDA Flat application status, Please use below link to know your DDA Flat application 2014 status.

Use your Application 7 Digit form Number
                                     example : 112****

DDA Flats Application Form Status

   Status shown as Below Image

DDA Flats Application form status

  
NOTE:

1. In case of message "No Data found " is displayed,the data of the applicant has not been supplied by the bank to DDA.In such case applicant should wait till 1st.Nov,2014 or contact the concerned bank through which application has been filled online or physically.Applicants are requested not to make call to DDA officials in this regard and should interact with bank officials only and ask them to ensure the delivery of applicant data to DDA.

2. In case of typing errors in the data ,applicants are request to get the corrections done from the banks where the application has been deposited physically or through Banks Websites.

3. LIST OF NODAL BANK BRANCHES FOR CORRECTING PUNCHING ERRORS

Please Click on  below link for DDA Application form Application Status 

  http://bit.ly/1wtQaHE

Know the process how to DDA Announce the result

Tag: DDA, DDA application form status, DDA Result 2014, DDA Application form Status 2014, DDA flats scheme, DDA flat allotment

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Cosmic Group Conducts Bhoomi Poojan For "Cosmic Cruise"

 NCR realty major, Cosmic Group recently conducted the BhoomiPoojan for its project, Comic Cruise at Greater Noida west.

 The company had recently launched this project, and with the Bhoomi Poojan now done; the company is eager to commence with the work on the project. The project has been spread across 10 acres of land approx. with an IT park in shape of a cruise sailing on an island with a perfect scene of surrounding water bodies and trees, providing seven star facilities along with pick and drop shuttle facility to the nearest proposed metro station. The proposed metro station is said to be just one km away from the project. The company is offering office spaces, studio apartments, IT plots and premium villas.

Cosmic Cruise Bhoomi Poojan

  With the event successfully conducted, Mr. Sushant Muttreja, CMD, Cosmic Group said “Cosmic Cruise is one of our most thought about projects with maximum focus on the quality and architecture. Its very design will create a benchmark in the region along with its numerous amenities and facilities. The project has been very strategically located with Noida and Delhi being hardly 30 mins. The surrounding area is full of sound infrastructure and civic amenities to offer a complete living experience for a resident. The project offers residential and commercial spaces which gives a buyer an advantage to invest wisely as well”.

Tag : Cosmic Group,  Sushant Muttreja, Cosmic Cruise,  office spaces, studio apartments, IT plots,  office spaces, studio apartments, IT plots,  office spaces, studio apartments, IT plots, Villa, Bhoomi Poojan

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COSMIC GROUP SCORES A HATTRICK IN ONE NIGHT

Delhi: In a recent exclusive award ceremony organized in Delhi, realty major of NCR Cosmic Group bagged three different awards in separate categories.

  The ceremony was attended by key C level leaders from the different industries as well as executives of well know companies at home and abroad. The event also witnessed a panel discussion which was finally concluded with the award presentation. Cosmic Group received three awards in that evening Company’s recent launch and one of the most thought about projects ‘Cosmic Cruise’ was awarded yet again with the best commercial project of the year. Cosmic Structures Ltd., the real estate wing of the company was awarded with the emerging real estate developer of the year. Finally, the brain behind the group, Mr. Sushant Muttreja, CMD of the company was awarded with the emerging entrepreneur award.

Vikas Raj Sharma Jt. MD Cosmic Structures Ltd

Recognized at the event, Mr. SushantMuttreja, CMD, Cosmic Group said “Reward and recognition are the main drives of motivation. I would like to thank the jury who felt that I was worthy of this award. Running an empire is never a one man’s job; and therefore I would take this opportunity to thank the entire Cosmic family that have been continuously supporting me to meet my dreams and visions that I have set for myself, company and the society”.

 Mr. Vikas Raj Sharma, Joint MD, Cosmic Group who did the receiving for the emerging developer of the year award said “There cannot be a better appreciation for a young and budding company like ours. Being chosen as the emerging developer is a big achievement for which I would like to thank the entire Cosmic staff that is being working hard to take the company miles ahead. With our dedication and determination, we are sure to reach milestones in times to come”.

 Mr. Dhiraj Jain, Executive Director, Cosmic Group(Right)

  Mr. Dhiraj Jain, Executive Director, Cosmic Group did the receiving for the commercial project of the year award. He said “At Cosmic Cruise, we have left no stones upturned to provide luxury and class to its users. The project boasts of seven star amenities and facilities along with a great location advantage. The project’s design & architecture has been carefully crafted to provide it with a shape of a cruisethat has sailed. Receiving an award in the project category feels really good; as it goes to prove that our work has been well applauded”.


Tag :Cosmic Group, Dhiraj Jain, Vikas Raj Sharma, Sushant Muttreja, cosmic group project, cosmic group review, cosmic group project in noida, cosmic cruise, cosmic corporate park. 

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Gulshan Homz Launches "Gulshan Bellina"

Noida: 

Having been already known for quality products and on time delivery of projects, NCR realty major Gulshan Homz has launched its newest offering to the market, ‘Gulshan Bellina’. With Bellina, the company is ready to bring an address that will simply redefine beauty in Greater Noida West. After an impressive performance with projects like Grand, Centrum, Vivante and Ikebana; Gulshan Homz had made a mark at Indirapuram and Noida. With its new project, the company has its eyes all set at Greater Noida West.

Gulshan Homz Press Confrence 

The company is yet again coming out with a quality project, offering 2 & 3 BHK apartments. The apartments will be made available in five different sizes viz. 1020 sq. Ft., 1105 sq. Ft., 1325 sq. Ft, 1495 sq.Ft., 1745 sq.ft. Being an offering from Gulshan Homz, the company has not left any stones unturned to provide its customers with world class amenities such as; kids lounge, gymnasium, amphitheater, business lounge, yoga center, outdoor/indoor sports facilities, laundry services, aerobic dance floor, jogging track, cabs on call, AC banquet and much more. Apart from amenities, the project shares one of the most prime locations of Greater Noida (West), located at Sector 16, Greater Noida (West). The location is very strategic as Delhi and Noida are at a very close proximity. The launch price of the project is Rs.3360 per sq. ft.onwards. The project is to be spread across a total area of 7.5 acres and will include 13 towers with 19 floors in each. The company has planned to construct a total of 1108 units with 4 – 6(on specific blocks) flats on each floor. The project is planned to offer possession after 36 months.

Gulshan Homz has been greatly recognized in the sector for being one of the most promising and fast growing companies. And this foundation is laid by the Founder & Managing Director, Mr. GulshanNagpal, that Gulshan Homz has stood rock solid for more than 20 years. The foresightedness of Mr. Nagpal has helped the company envision and improvise its skills. No wonder then, today the structures speak for themselves and future looks bright with a number of premium projects already in the market. While many just leave it at words, the company practices every little syllable. GulshanHomz is a stamp of excellence, an organisation of invaluable experience and a company that boasts of honesty morals, integrity, transparency and ethics. From the foundation stems the four grand pillars of GulshanHomz - Length, Breadth, Height and Passion.

Gulshan Bellina Launch

At the launch of Gulshan Bellina, Mr. Deepak Kapoor, Director, Gulshan Homz says, “First of all, I would like to thank all our present customers and stakeholders for being with us throughout our successful journey; and with this it is our sheer pleasure to present Gulshan Bellina. We have kept no stones unturned when it comes to providing facilities in this project. Very carefully we have planned and designed the amenities in this project keeping in mind all the needs and requirements of our future residents. The location is also wonderful as it is in extreme close proximity to Delhi and Noida. We hope to receive a similar overwhelming response as we have been getting in all our previous projects.

Tag: Gulshan Homz, Gulshan Bellina, Greater Noida, Greater Noida West, Grand, Centrum, Vivante and Ikebana

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Noida, Gr Noida adopt Apartment Act.

The Noida and Greater Noida authorities on Monday finally adopted the UP Apartment Act of 2010, bringing transactions related to buying houses in group housing societies within a stronger legal framework.

The move, according to officials, will benefit about 5 lakh homebuyers in Noida and 3 lakh in Greater Noida and areas along the Yamuna Expressway--a region whose realty boom has often been overshadowed by confrontations, complaints and litigation between buyers and builders on issues like delivery dates, size of apartments, common facilities and quality of construction.

The Act makes the process of buying homes more transparent with mandatory con sent of each member of a housing society before making alterations and asking a builder to specify the likely date of a project's completion.

In the absence of the apartment Act, developers were harassing buyers.

Now, this Act will help to ensure stringent action is taken against errant developers.

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Buying property on Noida expressway and Yamuna expressway become costlier..

Allotment Rates Up By 7.8% to 33.3%, Real Estate developer and Builders Expect hike to hurt sales.

Buying a property in Noida and along the Yamuna expressway has become more expensive.

The authorities that administer Noida and areas along the Yamuna Expressway increased land allotment rates across all categories in a joint board meeting on Monday , the lowest at 7.8% and the highest a steep 33.33% per square metre.
The new rates come into force with immediate effect.

Yamuna Expressway

Greater Noida will, however, see no change as the authority had revised land rates by over 10% this February , effective April 1.

While allotment rates for group housing, residential and institutional properties in Noida have gone up by 10.5% and industrial land rates by 7.8%, there is no change in rates for commercial land.

Along the Yamuna expressway , land allotment rates for residential properties have increased by 12.7% while those for group housing properties have increased by 33.33% and that for recreational greens by 13.33%. Allotment rates for industrial and institutional properties were left unchanged.

Areas in Noida and along the Yamuna expressway will no longer remain affordable. The hike could prove to be detrimental for the real estate business, especially in the areas along the Yamuna Expressway . The move will largely leave an impact on the middle and upper middle class.

The Noida and Greater Noi da authorities had last in creased land rates by 8.5-30% in May 2013.

With the hike in allotment rates in Noida, residential properties in ` A' category sectors like 14,14 A, 15, 15 A, 17 A and 44 have become costlier by at least Rs 6,530 per square meter and in `E' category sec tors such as 102,115,158 by Rs 2,375 per square meter. Group housing flats in ` A' category areas have become costlier by almost Rs 8,905 per square meter and in `E' category areas by Rs 3,365 per square metre.

In the institutional category, for IT/ITES properties in sectors 1, 16 A and 24, buyers will have to shell out Rs 37,500 per square metre now. Allotment rates for plots up to 4,000 meters in Phase I, II and III industrial areas have been fixed at Rs 22,640, Rs 8060 and Rs 8,350 per square meter, respectively .

Residential and commercial plots along the Yamuna Expressway have got dearer by almost Rs 1,300 and Rs 2600 per square meter. Allotment rates have been hiked from 12.74% to 33.33% here.

The three authorities also increased the compensation rate to be offered to farmers for land acquisition. Infrastructure projects in the district will get a push and encroached lands will be freed.

To fast-track the Noida-Greater Noida Metro route a revised detailed project report has been forwarded to the UP government for approval.

Tag: Cosmic Group, Cosmic project, Cosmic cruise, Yamuna expressway, Residential project in Noida and commercial project in Noida, plots in Noida, residential properties, property in Noida, real estate developer

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Mr. Vikas Raj Sharma Jt. MD Cosmic Structures Ltd

About Vikas Ji & his take on success...

Ans: I am a management graduate who has an experience of more than 19  years in Sales and Business Development. At Cosmic Group along with being one of the directors I am also responsible for Sales and Business Development.
In today's competitive world the only way to success is hard labour and efforts. As the saying goes ' there is no substitute for labour' and this is the only mantra for success. I have worked my way hard and contribute success to the good wishes of my elders and friends.

Mr. Vikas Raj Sharma,  Jt. MD Cosmic Structures Ltd.

Please give details about your projects in Greater Noida ?

Ans: In Greater Noida we at Cosmic are planning to bring a world class commercial project by the name of 'Cosmic Cruise' . The project will be an innovative project which would be designed to give the look of a cruise and the water bodies, sand and palm trees will complete the look. The project will have state of art corporate office spaces with luxurious amenities. The project will also have luxurious villas and studio apartments which will make 'Cosmic Cruise' a one stop destination for all.

Whats your opinion on real estate scenario in Greater Noida?

Ans: Greater Noida is a growing realty destination with multiple developers developing projects here. Greater Noida today has become on eof the most sought after place for realty investment. Connectivity to Noida and Delhi by wide expressway, advent of metro, proposed night safari, the newly constructed Yamuna Expressway which has enhanced the connectivity of Greater Noida with places like Agra and Mathura and finally the Formula One-1 race track have all helped Greater Noida to grow as a preferred destination for real estate demand.

 How has been the real estate market in last five years? why

Ans: Last 5 years have been a good phase for real estate. In last 5 years the sector has witnessed increasing demand and launch of many new projects. The phase has also seen an equal growth of affordable and luxurious dwellings in the residential sector which is a good sign for the sector. The reason behind the stupendous growth of the sector is that people have understood the importance of investing in the realty sector as this can give maximum returns. Secondly the sector has also witnessed availability of houses in every segment which has helped increasing the demand. These all have helped realty sector to grow manifolds and a major contributor to country's GDP.  

Where will the market go in next 5 years? why ?

Ans: Experts believe that the market and demand will double up in next 5 years. There is a major demand which is still there unfulfilled. A major demand for affordable housing is still not catered. And with the increase in income the aspirations have also been increasing hence the demand for luxurious dwelling is also going to increase.

What are the areas /projects which are in good demand in greater noida? What are the areas which are not so much in demand and whats the reason for it?

Ans: With planned infrastructure, wide road connectivity, metros, presence of malls and huge commercial centers makes any place in Noida as the most preferred destination for property seekers. With the availability of projects for every segment anything in and around Noida is bankable and will remain in Demand.

Can you suggest investment in residential projects within R40 lakh bracket anywhere in Greater Noida? 

Ans: Most of the projects still have option under 40 lac bracket in Greater Noida. What one should look into is the required size and the location of the project. Though I would suggest that one should invest in Greater Noida as soon as possible as the prices are on a rise hence one can also gain good return from his investment if he invests soon in near future.

Do you think Yamuna expressway presents a great investment opportunity? why?

Ans: Yamuna Expressway will be the most sought after investment zone in few years. With the availability of affordable housing along with world class infrastructure and connectivity through Yamuna Expressway makes it a preferred destination. Formula-1 has already highlighted it on the world map. I feel these all make it a great investment zone.

How is the property market here as far as plots are concerned? Do you see home buyers showing more interest in plots rather than flats/apartments and villas? 

Ans: Plots and Flat buyers are two different segments in Indian Residential demand and both have their benefits. People who prefer living in joint families and also prefer to have green gardens etc will prefer plotted developments. But in metros the number of nuclear families have been on an increase and people with small families are on an increase. Secondly there has been a major increase in migratory population due to employment which prefer staying in flats or apartments. If one closely see the kind of projects we at Cosmic Group are developing then one can clearly see that we are developing commercial and residential with Villas, Penthouses, flats and studio apartments as we understand the demand for every segment in the realty sector.

Tag: Cosmic Group, Residential project, Yamuna Expressway, studio apartments, Villas, Penthouses, flats, Plots, Cosmic Cruise, cosmic group review, Vikas Raj Sharma

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