DLF Ltd has announced the launch of its first IT SEZ at Nagpur. DLF is developing state of the art, world-class facilities in Nagpur, Maharashtra on 140 acres of land. This is the second IT SEZ project in the state and will be followed by projects in other cities in Maharashtra.
The Chief Guest Hon’ble Chairman & Director, Maharashtra Airport Development Company, Mr. R C Sinha launched the DLF IT Park at a press conference in Nagpur. This project is amongst the first IT SEZ projects in Nagpur. IT Park has received formal SEZ approval and would enjoy all the benefits of an SEZ under Govt. SEZ Policy and so will be surely the first choice for IT-ITES Companies in times to come.

Speaking about DLF’s entry in Nagpur, DLF spokesperson said, “After successfully launching our first IT SEZ complex in Nagpur, we believe that our IT SEZ / Park will become an important part of the MIHAN and at the same time will generate 50,000 jobs, directly or indirectly.

DLF IT Park@ Mihan-Nagpur spells success. It is fully-equipped to operate any IT / ITES major 24X7. The IT space is spread over an area 140 acres and offering developed workspace over 12 blocks of office space, is all set to revolutionize IT workspace in Nagpur. Efficiently designed by the renowned contractor, M/s. Hafeez Contractor, it is a ready-built IT workspace to offer unmatched scalable advantages.

This SEZ project will involve an investment of Rs 1000 crores approx. The IT Park is expected to be operational in a period of 3 years and being an IT SEZ, it would cater to all the international and national IT / ITES Companies. The project has the potential to generate 50,000 jobs directly or indirectly.

DLF IT Park @ Mihan-Nagpur is a part of 1300 hectares MIHAN (Multi Modal International Hub Airport at Nagpur) SEZ project which is a part of the master plan comprising of IT City, Health City, a captive power plant and other manufacturing and value-added units. The project is adjacent to the international Hub Airport, offering high quality infrastructure facility and support services. The project is in close proximity to key residential areas. Undoubtedly MIHAN places Nagpur on India’s IT map.

Over the past decade the DLF properties have emerged as the preferred destination for both Indian as well as multinational conglomerates apart from leading IT / ITES firms due to its cost effective office space and best in class infrastructure. DLF is also responsible for triggering the corporate shift from Delhi to Gurgaon in 1990’s based on the “walk to work” culture. This culture implied that corporates could now co-locate their offices, residential properties & places in order to save time in commuting.

Courtesy : INRnews Correspondent Dated: 21/08/07

Ansal Properties & Infrastructure Ltd, a leading Indian real estate developer, has announced that the Company has signed two Agreements with IL&FS Investment Managers (IIML), the private equity arm of IL&FS to develop two Projects of Township and IT SEZ in Gurgaon, Haryana. The agreement was singed in Mumbai by Mr.Pranav Ansal, Director, Ansal API with IILM.
These Projects, the Township and IT SEZ, in Gurgaon, will be constructed spreading over 11 million sq. ft of office, residential and office space at an investment of approx. USD 125 Mn. These Projects are expected to have a turnover of exceeding USD 1 billion over the next 5 to 6 years.

Speaking at the occasion, Mr. Pranav Ansal, Director Ansal API said, “We are extremely delighted to sign this landmark agreement with IIML. This is yet another feather in our cap and will be amongst our landmark projects in the NCR region. We expect this project to finish in next 6 years. With Gurgaon growing as an important destination for business especially IT, we expect a very good response for the project”.

Courtesy : INRnews Correspondent Dated: 20/08/07

Ansal Housing & Construction Ltd has announced that the Company has performed Bhoomipujan of “

Ansal
Town” at Karnal (Haryana) August 19, 2007. This marks the beginning of construction of fully equipped Residential Project that integrates state-of-art lifestyle with world-class features. 

The project turnover is approximately Rs 250 crores. 

“

Ansal
Town“, Karnal (Haryana) is spread over approx 98 acres. The

Integrated
Township is strategically located near the

— 1. “

Ansal
Town“, Karnal is 125 kms from National Capital (
Delhi) and 125 kms from State Capital (
Chandigarh). 

‘

Ansal
Town‘ Karnal will have amenities like Jogging track, Commercial properties & Shop-cum-Office complex. Community Centre with swimming pool & gymnasium, High School, Primary School & Nursery School and Dispensary etc. The Project is expected to be completed in 2 years from the date of commencement of work. 

Courtesy :  INRnews Correspondent Dated:  20/08/07

  

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India is a promising investment option for investors. It is a favorable market and Indian property sale market includes everything from lands, land services, commercial real estate to residential property. Invest in commercial offices, hotels, guesthouses, resorts, bungalows, flats, offices, shops, industrial premises, malls and more, in any part of the country. Or if you are looking at investing in lands, you can invest in commercial land, agricultural land, land for schools, hospitals or resorts, land for houses, shopping malls and more.

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In Delhi & Gurgaon, both rental and capital values for commercial property have been on an upswing. The demand situation is strong with almost all grade A buildings occupied and those under construction already leased. While demand for commercial space in
Delhi is high, supply is limited since the supply of commercial land depends on auctions by DDA which are held infrequently.  

Commercial property is becoming a real alternative to investment in residential real estate. In addition to capital appreciation, commercial property offers higher rental yields of typically 8-10% compared to residential yields of 4-5%. 

In

and south
Delhi is one of rising rentals and near-zero vacancy In CP monthly rental rates range from Rs 100 to Rs 150 per sq ft while vacancy level is less than 5 per cent.  

Office space is being developed in the city in areas such as Saket & Jasola by developers such as DLF, Unitech, and others. In Saket capital prices which were around Rs 5,000 per sq ft a year ago have now touched Rs 13,000. In Jasola only six months ago the price was Rs 4,500-5,000; today it is Rs 12,000 per sq ft and above. In Saketr rentals start from Rs 110 per sq ft. In Jasola, rates could touch Rs 150 per sq ft by end of the year.  

Meanwhile Gurgaon continues to be an attractive destination for office space development driven by availability of large floor spaces, lower rentals than the city, proximity to the airport and a residential infrastructure for staff needs. Of the total 6.37 million sq ft space that will be absorbed in the NCR in 2006, Gurgaon will account for 4.16 million (65 per cent).  

Within

DLF
Cyber
City rentals are Rs 35 per sq ft, up from Rs 30 per sq ft last year. On

, the rental rate has risen to over Rs 70 per sq ft. On

, the rental rate is Rs 45 per sq ft.  

Noida is emerging as an IT-ITES hub with several campus style developments including Adobe, Cadence and Wipro. Rentals here range from Rs 35-40 per sq ft. In Noida, developers mostly develop built-to-suit (BTS) spaces for corporates. (Expressestates.in)  

Courtesy :  INRnews Correspondent Dated:  16/08/07

Interestingly, according to a recent survey from property consultant CB Richard Ellis (CBRE),
New Delhi’s

and Mumbai’s premier business district Nariman Point are among the top ten most expensive commercial property locations in the world.  

According to the CBRE survey, Mumbai is at fifth place in the world’s most expensive cities with an occupation cost of $138.41 per sq. ft. per annum while the national capital ranks seven with cost of $116.19.  

According to the survey, the two most expensive commercial property markets were both in London — West End at $241.22 per sq ft per annum and City of
London at $165.72. The next two were in
Tokyo, Inner Central at $162.09 and Outer Five Wards at $143.52.  

Midtown Manhattan was the priciest market in
North America; at $69.44 per sq ft per annum, it was ranked at No. 21 worldwide. In other words, setting up an office in the Big Apple is cheaper than doing so in

or Nariman Point. An earlier global study had placed Khan Market in
Delhi as the costliest commercial properties, while another recent report said residential properties & rents in Mumbai were seventh highest in the world.  

The survey done by real estate consultant CB Richard Ellis, which tracks the world’s most expensive markets as well as markets with the fastest growing rents over the past 12 months, found that in terms of growth,
Delhi ranked second with year-over-year rent growth of 79 percent. Only at
Abu Dhabi did rentals grow at a faster pace (103 percent) over the past year.
Singapore ranked fifth with a 54 percent increase and Mumbai sixth having experienced 45 percent rent growth over the last 12 months.  

In fact many South Asian markets were placed among the top 50 markets with fastest growing rents, including three in the top 10.  

In North America, Edmonton in
Canada saw rents growing the fastest at 60 percent. Downtown
New York ranked tenth with rents increasing 43 percent.  

Of the 176 office markets monitored across the world, 90 percent showed positive growth in the 12 months to the first quarter of 2007.
Singapore rose from the 43rd spot to the 24th in the most expensive market places list. In the Pacific region,
Sydney was the only market that made it to the top 50, coming in at 44th.  

“Having the second fastest rental increase in the world during the past one year is not a matter to be proud of. It clearly indicates a severe lack of supply as far as office space in
Delhi goes. This will be a deterrent in attracting investments to the city,” Richard Ellis (
South Asia) managing director, Anshuman Magazine said.

India’s booming economy – considered to be world’s second fastest growing – has pushed up the price of prime commercial properties in Mumbai and New Delhi ranking them among the top ten most expensive Asian office locations, according to a latest survey by global realty consultant DTZ.

Mumbai with occupancy costs of $11,400 per annum per workstation ranks fourth in the Asia Pacific region while Delhi is at eighth place having an occupancy cost of $8,150, DTZ said in a release.

In the global rankings, both Mumbai and Delhi have risen, occupying 18th and 51st positions respectively (27th and 56th in 2006). London (west end), Hong Kong and Paris occupy top three positions globally.

In Asia, Hong Kong once again recorded the highest level of occupancy costs in Asia Pacific ($19,730 per workstation per annum). It was closely followed by Tokyo (Central 5 wards) and Seoul at second and third positions at $13,470 and $12,470 respectively.

“Mumbai and Delhi have risen through the global ranks and currently occupy 18th and 51st position respectively by virtue of the expanding real estate India market and the booming IT/ITES sector,” DTZ said.

Other cities from India featuring on the global list of DTZ survey are Bangalore and Chennai at 117th and 123rd positions respectively.

“Chennai, Mumbai and New Delhi have experienced one of the largest increase in occupancy cost in Asia Pacific in 2007 survey with year-on-year growth of 37 percent, 34 percent and 23 percent respectively,” DTZ India managing director Ankur Srivastava said.

www.zameen-zaidad.com a well reputed website provides you some basic parameters which one must adhere to before buying any immovable property. To buy an immovable property is not a child’s play as it involves so many aspects which need through verification before finalizing a deal. First of all a buyer must check about the clear title of the property in whose name the authentic documents exist. Check the size of the plot/flat, its number and surrounded by specific adjoining properties, roads or streets etc.

Next to the above, one has to check that how many hands a particular property have changed. Suppose a property has been sold 3 or 4 times in such an eventuality, arrange the papers of the property firstly present (last) buyer then its previous buyer and so on and the documents of the original owner/buyer are placed at the bottom in a proper sequence. In case, 2nd or 3rd party’s documents are missing and are not in sequence, then the documents are faulty. Until or unless the present owner (last buyer) is not able to produce the party-wise complete documents in a proper sequence, drop the deal as the documents are faulty and one may be in trouble if deal is finalised.

If the documents are in proper sequence, one may go ahead for negotiating the rates according to one’s own budget. But here again in case of builder properties/flats/houses, one must ensure to visit builder’s past projects with regard to construction and quality materials of used as well as got statutory clearance from all concerned authorities i.e. from pollution department, MCD, DDA, Fire deptt. and approval from town planner with regard to construction strictly as per approved plan including storeys. As such, after adhering to the above few basic parameters one may go ahead in finalising deal in consultation with a property consultant of your choice working in the areas who must also be aware of all the pros and cons of such properties. So for purchasing a property in a hassle free manner at reasonable rates and face to face transparent transaction please visit our well established website: www.zameen-zaidad.com.