Real Estate News Smart Residential Living

Bengaluru to have Smart Parking by September

Feb 16,2018 / By Priyanka / No Comment

Bengaluru residents may soon get rid of the illegal parking mafia as Bruhat Bengaluru Mahanagara Palike (BBMP) is prepared to issue a work order to a bidder in February with the work starting in March.

N Manjunatha Prasad, BBMP Chief, said, “The project has got BBMP council’s approval and the work order will be issued to the bidder in few days. However, BBMP will not be financing for the project. The complete cost will be invested by the bidder who will share Rs 31 crore with BBMP every year. The project will be operational to the public in another three months and it will eradicate the illegal parking mafia from the city.

The first phase of the smart parking project will cover 3,600 cars and 10,000 bikes along 85 roads in the city which is facing a major scarcity of parking space. This will also put an end to the persistent harassment of vehicle users by illegal parking mafia.

BBMP will start smart parking facilities on 85 major roads in the city from September. BBMP has certified two bidders and one bidder will be finalized by the end of next week based on the proportion of revenue the Palike will get from the parking money collection.

It has been assessed that the project will need an investment of Rs 85 crore. Under the project guidelines, maintenance and enforcement will be done by the bidder and BBMP will act as the owner of the project. It will share the revenue collected through the parking fee on a yearly basis.

Smart parking will be supervised through sensors installed along roads which will convert the data into information and communicate it to a monitoring cell. Under the smart parking system, the system will show when a certain spot is ‘occupied’ and the details will be sent electronically to a digital signboard which will display parking status to drivers.

Illegal parking crackdown: With the introduction of smart parking, BBMP also plans to take on illegal parking through fixing drives. Right now, only traffic police would clamp vehicles parked in no-parking zones. However, BBMP officials now say that even they will be allowed to do the same.

Pune’s Wagholi is becoming a prime residential hub

Feb 9,2018 / By Priyanka / No Comment

Wagholi is developing as a residential investment hub. It is counted as a promising residential and commercial destination. Many reputed real estate developers are coming up with their projects in Wagholi as living and working in Wagholi has become a trend in Pune.

Pune is counted among the most affordable residential destinations and Wagholi is considered as one of the fastest emerging localities in Pune. The residential real estate market in the area has grown rapidly; therefore the industry experts mentioned the locality as one of the best residential investment options.

How?? Let us have a look

Unbeatable Property Rates

If your budget is limited, Wagholi is the area that you can pick. Wagholi is the most affordable option for those who cannot afford property in Koregaon Park where the property prices are much higher when compared to the former.

Affordability is the main factor due to which area is witnessing high demand from working professionals. Currently, the rate per square foot price going on in this area is Rs 4000.

Wagholi is getting a serious demand from those property buyers who have had enough of being in traffic blockages, noise pollution levels, intolerable air and the apathetic sight of a seamless concrete jungle.

Seamless Accessibility

Wagholi is well connected to Khandala – Loni road which makes the area accessible to the other parts of Pune.
Elongating from Bund Garden to Wagholi, the six-laned 15 km-long Nagar Road provides easy access to various prominent IT-driven areas such as Kharadi, Kalyani Nagar, and Viman Nagar. Nagar Road further connects to Kharadi Bypass Road and Pune-Solapur Highway.
The closest railway station to Wagholi is Pune, which is approximately 14 km.
Pune Airport is located at a distance of 11 km via the Lohegaon-Wagholi road.

Civic Infrastructure

The residents of Wagholi have the advantage of the presence of several good educational institutions like Netaji Subhash Chandra Boys Military School, Jyotirmay International School, Sharad Pawar International School, Lexicon International School, Dhole Patil College of Engineering, Moze College of Engineering, GH Raisoni College of Engineering and Technology, JSPM Imperial College of Engineering and Research, etc.
Proximity to good clinics and hospitals, banks and ATMs, also make this locality a great place for living.

The future of Wagholi seems to be promising, given the large-scale real estate and infrastructural developments happening here. The proposed Ring Road project (connecting Pune and PCMC areas) falls in this region and will be a major growth driver for the residential real estate.

Ongoing and upcoming infrastructure developments in Wagholi include:

The Mumbai-Bengaluru Infrastructure Corridor
The road connecting Wagholi to Eon IT Park through Nagar Road
A flyover connecting Wagholi to Shikrapur.

Ongoing residential projects in Wagholi are:

Some of the ongoing projects are Samrddhi Lake Tower, Sairung Firefly, Mantra Divine, Harshad Kings Town, Vardhaman Elegance, BA Vermont and Majestique City.

Nine Smart Cities Announced in the Fourth Round

Feb 5,2018 / By Priyanka / No Comment

Recently, the Ministry of Housing and Urban Affairs has publicized a new list of nine smart cities taking the total number to 99. Of the nine cities, 3 are from Uttar Pradesh, 1 from Bihar, 1 from Tamil Nadu, 1 from Daman & Diu, 1 from Arunachal Pradesh and 1 from Lakshadweep.

Below is the list of nine cities announced in the fourth round

Silvassa, Dadra, and Nagar Haveli
Erode, Tamil Nadu
Diu, Daman & Diu
Biharsharif, Bihar
Bareilly, Uttar Pradesh
Itanagar, Arunachal Pradesh
Moradabad, Uttar Pradesh
Saharanpur, Uttar Pradesh
Kavaratti, Lakshadweep

A senior official said Shillong will be the 100th Smart City provided it submit its proposal to the Centre in next three months. The official further added that the nine cities were selected from 15 cities that had submitted their proposals to the ministry.

Uttar Pradesh’s Ghaziabad, Rampur, Meerut and Rae Bareli were among cities that were unsuccessful to get the Smart City tag. But Silvasa topped the list of winners in this round.

These cities have proposed to take up the various project, including “smart” roads, cycle tracks, walking paths, smart classrooms, rejuvenation of water bodies, skill development centers, up gradation of health facilities and pan-city projects like integrated command control center.

These cities have planned 409 projects which would get around 61 percent funding from the Centre and the state, according to the Union Housing and Urban Affairs Minister Hardeep Singh Puri.

In January 2016, 20 cities were announced under the Smart Cities mission, followed by 13 cities in May 2016, 27 cities in September 2016 and 30 cities in June 2017. The total proposed investment in the 99 Smart City Mission would be Rs 2.03 lakh crore

Key features
So, what would smart cities of future do? According to the ministry, they would

• Provide equal housing opportunities for all
• Endorse mixed land use in area-based developments
• Preserving and evolving open spaces
• Promoting a variety of transport options
• Provide a new identity to the city
• Applying smart solutions to infrastructure and services in area-based development to expand them
• Create walkable localities and lessen blocking, air pollution, and resource depletion, apart from improving local economy
• Make governance citizen-friendly, technologically advanced and cost-effective

What Budget 2018 have for the Real Estate Sector

Feb 3,2018 / By Priyanka / No Comment

Arun Jaitley, the Finance Minister of India on Thursday presented his fourth budget.

Here is what the finance minister broadcasted in Budget 2018:

Affordable Housing funds
The government will also start a dedicated Affordable Housing Fund (AHF) in National Housing Bank funded from a priority sector lending deficit and fully serviced bonds sanctioned by the Government of India.

National Housing Bank

National Housing Bank Act is being altered to transfer its equity from the Reserve Bank of India to the Government. National Saving Certificate Act, Provident Fund Act, and Indian Post Offices Act are being incorporated and certain added people-friendly measures are being announced.

To provide the Reserve Bank of India an instrument to accomplish excess liquidity, Reserve Bank of India Act is being amended to institutionalize a Uncollateralized Deposit Facility.

Securities Contracts (Regulation) Act 1956, Depositories Act 1996, Securities and 23 Exchange Board of India, Act 1992 are being amended to simplify adjudication procedures and to provide for penalties for certain violations. These proposals are in the Finance Bill.

REITs

The Government and market regulators have taken essential measures for expansion of monetizing vehicles like Real Investment Trust (REITs) and Infrastructure Investment Trust (InvIT) in India. From next year, the Government would launch monetizing select CPSE assets using InvITs from next year.

Circle Rates

Currently, while taxing income from business profits, capital gains and other sources related to transactions in immovable property, the consideration or circle rate value, whichever is higher, is accepted and the difference is calculated as income both in the hands of the seller and purchaser.

Sometimes, this variation can occur in respect of different properties in the same region because of a variety of factors including the shape of the plot and location.

In order to minimalize hardship in real estate transaction, Mr. Arun Jaitley projected that no adjustment shall be made in a case where the circle rate value does not surpass 5% of the consideration.

Smart Cities

Smart Cities Mission aims at building 100 Smart Cities with state-of-the-art facilities. 99 Cities have been already selected with an expenditure of Rs 2.04 lakh crore. These cities have started executing various projects like Smart Roads. Solar Rooftops, Smart Parks, Intelligent Transport Systems, Smart Command, and Control Centre.

Projects worth Rs 2,350 crore have been completed and works of Rs 20,852 crore are under development. To preserve and regenerate soul of the heritage cities in India, National Heritage City Development and Augmentation Yojana (HRIDAY) has been taken up in a major way.

Vajram Tiara: Life isn’t meant to be lived in a cubicle

Jan 23,2018 / By Priyanka / No Comment

Vajram Tiara is one of a kind residential habitat/enclave offering luxurious apartments to the discerning customer, at the best price possible among projects in the vicinity.

The project offers 237 spacious 3, 3.5 and 4 BHK condominiums in the contemporary architectural style with 75% open space. It marries tranquility, luxury, and style, making it uniquely aesthetic to behold.

Spread across 4.5 acres with G+14 floors, this project is a suitable project for both young families as well as the elderly. IT professionals can look to it for its proximity to IT and commerce hubs like Embassy Manyata Tech Park, Yeshwantpur and Whitefield and the international airport is just 30 mins drive away.

Adding to its credentials, booking a home at Vajram Tiara will introduce you to a whole new world with exciting amenities such as:

CLUBHOUSE

Banquet Hall

Squash Court and Badminton Court

Half Olympic size Swimming Pool with deck

Cafe area with Pantry

3000 sft Indoor Gymnasium and Aerobics

Open air Barbecue

Library with attached terrace

Indoor games room

Business Centre

LEISURE & LIFESTYLE

Old folks Area

Aromatic garden Enquire Now

Butterfly Garden

Water feature

Spa

AV room

Acupressure Walkway

Outdoor Gym

Cards area

SPORTS & HEALTH

Jogging Track and Skating Arena

Half Basketball court

Lawn Tennis and Badminton court

Beach VolleyBall

Cricket practice Net

Meditation / Yoga Garden

Table Tennis

Cascade Wall

KIDS & SECURITY

Children’s Play area

Creche

Shaded Hobby Area

Study Room

Wifi Connectivity

CCTV Coverage

Video Intercom Facility

Fibre Connectivity

The project also boasts amenities for senior citizens like old folks area, aromatic garden, butterfly garden, acupressure walkway and many more. Vajram Tiara is a RERA approved project with RERA No – PR/KN/170729/000144 and will be handed over by early next year.

A member of the IGBC, Vajram Group’s design philosophy, and specifications are as prescribed by the IGBC and they are a big proponent of Green Building standards. The company aims to come up with integrated residential living spaces, adhering to human values and setting a benchmark for quality, design, and comfort. Vajram Group promises only the best for its clients with zero deviation policy.

Mr. Pavan Vajram, is the Chairman and CEO of Vajram Group and holds an MBA degree in International Business. He has a good track record in building and managing potential organizations in technology and real estate sectors. Prior to heading the Vajram Group, Mr. Pavan co-founded and managed several technology companies with a global footprint.

So this New Year, let Vajram Tiara promise to give you an impressive foundation to your identity of a lifestyle of affluence and perfection.

With zero percent interest and No EMI Till Possession, Vajram Tiara promises you the most lucrative rates among comparable projects in Yelahanka, so go ahead and book your dream home now!

Enquire Now

Author Archives: Priyanka

Bengaluru to have Smart Parking by September

Pune’s Wagholi is becoming a prime residential hub

Nine Smart Cities Announced in the Fourth Round

What Budget 2018 have for the Real Estate Sector

Vajram Tiara: Life isn’t meant to be lived in a cubicle