Monthly Archives: Oct 2018

Real Estate Real Estate News Smart Residential Living

MHADA to offer Homes on 30-70% of Ready Reckoner Rates This Diwali

MHADA-LogoHome buyers who are looking for affordable homes in one of the most expensive property market, Mumbai, would get a chance to grab an affordable home, all thanks to the Maharashtra Housing and Area Development Authority (Mhada).

There will be approximately 1,000 units spread across localities such as Borivli, Ghatkopar, Mulund, Mankhurd, Goregaon, and Vikhroli when the Mhada started the process to sell affordable homes in the first week of July.

What makes this year’s scheme more profitable is the fact that the agency will be offering certain homes at 30-70 percent of the ready reckoner (RR) rates.  These are the units which have been surrendered by allottees of previous schemes.

Units meant for the high-income group will come for 70 percent of the RR while homes meant for the middle-income category will cost buyers 60 percent of the RR rate. Flats meant for the low-income category will be sold at 50 percent of RR while units meant for economically weaker sections (EWS) will be sold at 30 percent of the ready reckoner rate.

While charges of properties offered by the Mhada are reasonably lower, experts were of the opinion the agency must rationalize prices.

Usually, the Mhada conducts the process in May. Officials attribute the delay this year to the reduced number of properties that would be sold through the lottery system. The final date of the lottery is expected to be announced by October-end.

What is the process?

If you are 18 years of age, have been living in Maharashtra for the past 15 years and do not own a residence from the Mhada (neither you nor your spouse or children), you could apply for the new units.

As the entire process is online, buyers have to log on to http://lottery.mhada.gov.in. For registering on the site, buyers have to provide all personal and income-related particulars.

After filling the application form, depending on the income group, buyers have to pay the earnest money deposit. This payment could be made through various payment modules such as demand draft, debit card, credit card, and internet banking.

To fill the online application form, buyers have to pay a non-refundable Rs 336 charge.

The Mhada has set up a help center named Mitra at its Bandra East Office where the applicant can seek information regarding the scheme.

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Real Estate Real Estate News Smart Residential Living

Sumadhura Group Offers Elegant Abodes with a Contemporary Lifestyle for NRIs

SumadhuraSumadhura Group, one of South India’s leading realty majors, known for their quality, trust, and commitment, have established themselves as a premier residential property developer in the country. In a span of over two decades, the Bengaluru-based organization has carved a unique niche for themselves and have helped fulfill the aspirations of many-a-homebuyer across the country in owning their dream homes. The ISO 9001:2015 certified organization has a portfolio of 46 projects, which includes 42 world-class residential and 4 commercial projects, across India’s top metropolitan cities of Bangalore and Hyderabad, with plans to grow across our cities.

Bengaluru, regarded as the IT capital of India and home to some of the best MNCs, offers a truly cosmopolitan culture with a year-long salubrious weather to complement, setting it apart from other Indian cities. In this thriving and vibrant city, Sumadhura Group offers a signature line of iconic projects viz. ‘Sumadhura Nandanam’, a super luxury project in Hoodi Junction, Whitefield, with easy access to Outer Ring Road and Hoodi metro station; ‘Sumadhura Eden Garden’ in Off Sai Baba Ashram Road, Whitefield, a 1113-unit complex spread over 14 acres of land with 80% open spaces and proximity to Whitefield Metro Station and Old Madras Road (NH4).

The company had also launched premium residential project ‘Sumadhura Acropolis’, built with the latest Aluminium Formwork technology, and is located in Gachibowli, the most sought-after corner of Hyderabad. With 564 units and 32 floors, the tower is flanked with leading multinational companies such as Amazon, Microsoft, WIPRO and Deloitte among others. This prestigious property is scheduled to be completed by 2019.

All the three highly secured gated communities offer an unparalleled lifestyle, including best-in-class amenities that come with renowned global brands, finishes, and well-planned spaces to meet the precise needs of the discerning global Indian citizens. The projects are most coveted for their strategic location and proximity to major IT parks, business centers, hospitals, best of schools, shopping destination and entertainment zones. Sumadhura homes come with many global luxury brands such as Grohe, TOTO, V-Guard, Havells, Schindler, Asian Paints, and LG Hausys uPVC Doors & Windows. They also offer clean, green, quiet environment with aesthetic structures, Vastu compliant floor plans, well-ventilated internal spaces, and enduring construction quality. Their projects incorporate a holistic approach, where aspects such as sports and recreation are given prominence, helping foster a conducive environment for adults and children alike.

Mr. Madhusudhan G., Chairman, and Managing Director, Sumadhura Group said, “We understand the aspirations and the unique requirements of the NRI customers, and have dovetailed our offerings to meet those needs. Our unique customer-centric business model has a proven track record of innovation, quality, and on-time delivery; aspects which are highly valued by customers who are acquainted with the best globally. All the luxury projects from Sumadhura Group offer spacious and modern living with a wide range of amenities, which are crafted to perfection keeping in mind the NRIs across the globe.”

The group has recently signed the iconic and swashbuckling cricketer MS Dhoni as their first brand ambassador, whose passion, reliability along with focused leadership qualities with a trustworthy reputation are the perfect attributes that match Sumadhura’s brand image.

They are also glad to announce that Sumadhura Group will be a part of ‘Indian Property Investment Exhibition 2018’, which brings India’s top developers under one roof showcasing their latest and best-selling projects in India. The event will be held in East Coast, on October 6-7 at Crowne Plaza Edison, New Jersey and in West Coast on October 13-14 at Hilton, Santa Clara.

Register here - https://www.sumadhuragroup.com/nri/

About Sumadhura Group

Sumadhura Group is the fastest growing real estate developer in South India. Their in-house capabilities and infrastructure give them the confidence to deliver projects on time with unbeatable quality. It has also been recognized as an iconic real estate brand garnering three prestigious awards in FY2017-18 which include Promising Builder of South India in 2017 by QuikrHomes, Global Real Estate Brand Awards 2017 and Best project of the year in Affordable Segment by CNBC Awaaz 2017 for Sumadhura Madhuram. The company has also been awarded the ‘Great Places to Work’ in April 2018. In all its residential apartments, the company lays a very strong emphasis on its safety standards, environmental management, rainwater harvesting, and a proper waste management system.

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