Owning your dream home is now a lot easier!

The new government’s focus on housing sector has given a fresh lease of life to the real estate sector, which has been struggling under high interest rates and economic slowdown. The Reserve Bank of India has announced a series of measures to encourage lending to the housing segment, which falls under the category of priority sector lending.

Banks now have an avenue for raising long term funds via the 7 years bond to finance affordable housing and infrastructure projects. Home loans of upto Rs. 50 lac for houses of value upto Rs 65 lac in Metros, and loans upto Rs. 40 lac for houses of value of Rs. 50 lac in other cities will now be considered as affordable housing. This will make it easier to get loans in this price range and also you will be entitled to a lower rate of interest. As per former State Bank of India chairman Pratip Chaudhari interest rates on new home loans might fall by 40-50 basis points (0.5 percent). A back-of-the-envelope calculations shows that a 50 basis point drop in interest rate on a Rs. 50 lakh loan for 20 years will bring down EMIs by over Rs. 1,700 per month. Additionally, the increase in interest tax deductibility on home loans from Rs. 1.5 lac to Rs. 2 lac and Rs. 2.5 lac to Rs. 3 lac for senior citizens reduces your tax bill.

Here is what our leaders had to say:

 

 

Beyond building homes – Water Management

SARE Homes is committed to build a sustainable environment for its customers. Other than developing qualitative infrastructure and amenities as well as offering spacious homes and upgrading people’s lifestyle, the team at SARE Homes aspires to build a green and livable community.

The company supports Climate Change initiatives. It designs and develops its projects to promote energy efficiency and green building concepts proposed by Indian Green Building Council (IGBC). SARE has adopted some of the latest eco-friendly technologies like rainwater harvesting, energy management, waste water management and material management.

Water shortage is an increasingly common concern among the masses and is heightened by a couple of factors like global warming and population increase. So our strategic approach to water management includes rainwater harvesting and waste water management. Both these techniques have helped us make optimum use of natural resources and save upto 50% on costing. This has also created an impact on our future developments and made our team and customers more responsible towards the environment at large.

Respite for the first timers

Are you looking to buy a house for the first time? Thanks to the Union Budget of 2013, you can heave a sigh of relief as new loans up to Rs.25 lakh will be eligible for an additional tax deduction of Rs.1 lakh for interest payments. This is their way of encouraging people to buy their first home ever. Good move, and definitely deserves a sigh of relief.

However, this is of course on for the financial year of 2013-14 as of now. So that means, a person taking a loan of up to Rs.25 lakh for his first home between April 1, 2013 and March 31, 2014, will be entitled to an additional deduction of interest of up to Rs.1 lakh. Apart from being beneficial to first time buyers, this move will also boost a number of industries like steel, cement, brick, wood and glass, besides giving jobs to thousands of construction workers. With this, the total deduction for interest payment for 2013-14 will be Rs.2.5 lakh. If the interest component is less than the deduction limit, the balance can be claimed in the next financial year.

With the advent of this benefit, taxpayers can continue to claim deductions up to Rs.1 lakh for repayment of home loan principal within the overall limit of Section 80C of the Income Tax Act. There are a few areas to look into though, as can be the case with any rule or law.

1. A deduction of up to Rs.1.5 lakh for interest payment (under Section 24B) is allowed if the house is ready and occupied by the taxpayer.

2. Any pre-construction interest is allowed to be deducted in five equal instalments within the Rs.1.5 lakh limit after the house is ready.

3. If the house has been let out, the taxpayer can claim the entire interest component as deduction from the rental income.

This move is definitely very encouraging for buyers on the lookout as well as opportunities in real estate, both of which will see a significant rise as per predictions of many.

Where there’s a Bill, there’s a way

 

The Real Estate Bill 2013 has been in the pipeline for quite a while and it’s only recently that it was approved by the Union Cabinet and is now waiting to be passed by the Parliament. This Bill allows for the creation of a regulator in the real estate sector, for residential properties. Here’s how it attempts to safeguard buyers’ interests:
Property brokers must obtain a license.
Developers to submit authenticated copies of approvals and sanctions from the competent authorities while applying for registration.
No advertising, selling or money raising will be permitted before project approvals are in place.
If a developer flouts a provision of the Bill, he could be fined severely or jailed.
The provisions of this Bill will also apply to government agencies involved in housing projects.
Developers should maintain a separate bank account for each project in a scheduled bank to prevent diversion of funds from one project to another.
Compulsory registration of all real estate projects of more than 4000 sq.mts.
One of the best parts of all the documentation this Bill demands is that brokers, especially those who only deal in cash, will have to redo their methods, so to speak. The buyer’s cost will be affected just by this.

With the good comes the bad. Here are some shortcomings of this Bill:
The Bill will be applicable only to new real estate projects. Those projects that have already been launched and sold will not come under its purview
While there are penalties for failing to deliver on time, there is no clarity on what happens if the delay is due to the failure of government agencies to give timely approvals.
Since Registration is required only for projects over 4000 sq. mts smaller developers will evade the Bill’s scrutiny.
A developer will now launch a project only after he has received all the approvals, which is a timetaking process.

There are several complaints that developers will have but it benefits a real estate buyer and is quite the sigh of relief. But the sighs will have to wait as for it to be passed by the Parliament and adopted by all the States, there may still be time. Lots of time.

Gharotsav organised by “SARE Homes” and “Impact Projects” evokes overwhelming response in Amritsar

Assured gifts for spot bookings and family entertainment

“SARE Homes”&“Impact Projects”organise 2-day Gharotsav on 03-04 November 2012 at Crescent ParC  township, GT Road bypass, Amritsar.
Special booking offers, sample flat tour and assured gifts.

One of the first companies to offer possession on time in Amritsar.

Celebrity artists –SatinderSatti and Raja Sagoo emerges star attraction.

Entertainment for the whole family.

Amritsar, November 05, 2012:
“SARE Homes” and “Impact Projects” organised “Gharotsav” or Home Carnival has met with an overwhelming response as a large number of home seekers visited the two day event, which began here yesterday.

The two-day Gharotsav organised on 03-04 November at Crescent ParC township, GT Road bypass, Amritsar drew an encouraging response for the spot bookings, and emerged as wholesome entertainment for the entire family with star performances by household entertainment names Sattinder Satti and Raja Sagoo, Lucky Draw, Magic Show, Kid’s play area, delicious food and lots of fun and frolic ! Special booking offers will continue after the Gharotsav, so if you missed the Gharotsav, you can still avail of these festive offers.

Commenting on the success of the Gharotsav, Mr. Vineet Relia, Chief Operating Officer, SARE Homessaid, “We are delighted with the encouraging response that people in Amritsar have given for this two-day event. SARE Homes in association with Impact Projects is focussed on delivering world class homes at good value to the home buyers in Amritsar and neighbouring areas. Our Crescent ParC Township in Amritsar has been well- received as we are one of the few companies to have handed over possession on time. We are proud to say our township has all the amenities of an international lifestyle namely –security, power back up, adequate water supply, clubhouse for the family, education, healthcare and many others. Through the“Gharotsav”, we want to make the home buying experience to be a memorable one for the entire family”.

Addressing the media, Mr. Vikram O. Datta, Director – Marketing & Sales, SARE Homes commented, “Gharotsav’ or Home Carnival, a two-day event, isa dream come true for home buyers as an array of attractions such as – sample flat tour of their dream home, special booking offers, assured gifts on booking, and offers on processing fees await them for two days.”

Well –known entertainers Satinder Satti and Raja Sagoo who were specially engaged by the organisers for this event, emerged as a star attraction among the visitors.

The Home Carnival welcomes all those who are eager to make home buying a life experience. These two days were fun –filled for the entire family with special games for children. The eventbrought smiles and happiness to everybody.While visitors sampled the sizzling and delicious Amritsari food to satiate their taste buds, there was a Magic Show and a Children’s Play area to keep the kids occupied, so that adults can have their share of fun with some exciting and fun-filled games and not to forget the Lucky Draw with exciting and prizes to be won.

Amritsar, the city known for its world famous Golden Temple is fast emerging as a preferred destination of home buyers. Crescent ParC, a 101-acre Township in Amritsar comprises ‘Crescent ParC Plots’ of 300 sqyd, and 160 sq yard and ready for possession 2 and 3 BHK Ashberry Homes. The township project is located in front of large landscaped gardens and is complete with facilities such as adequate water supply, power back up, security, gymnasium, club house, swimming pool and others. The project is situated strategically on the 6-lane NH 1 GT bypass road, only 10 minutes from the Golden Temple

.Talking about Amritsar as one of the fast emerging cities, Mr. Ajay Singh Cheema, Director, Impact Projects said, “With impressive growth in infrastructure facilities, Amritsar is one of the sought after destination for home buyers. And with its crucial role in trade with neighbouring countries, Amritsar city is all set to witness a great phase of growth in the coming years. The home carnival will help in creating awareness among the people about the kind of peaceful and quality living being brought to this market by SARE Homes – Impact Projects Partnership with offerings to suit all income levels.”

SARE Homes caters to the aspirations of the middle income group by offering quality, community-housing at strategically identified locations across India. The company has invested in 7 integrated projects in major cities in India namely – Amritsar,Gurgaon, Ghaziabad, Navi Mumbai, Chennai and Indore which represent approximately 39.8 million sq. ft. of developable area. SARE Homes is in a high-growth mode and aims to double its area under development in the next three years.

The Impact Group has been a part of Punjab history for over two decades in various sectors. Impact Projects is a leading Developer in Punjab since 2001. Impact Projects has already developed 9 premium residential colonies in Amritsar. It has created some of the innovative projects with a view to redefine the industry standards as well as to take people’s aspirations to much higher levels. Impact Projects has also entered the Second Homes Market with its projects in Himachal Pradesh. The company is now planning to enter other Northern Markets like Gurgaon, Mohali etc.

SARE: Three awards and still counting

We are truly excited to announce the top honours we won recently at the Realty Plus Excellence Awards 2013! Our maiden luxury project ‘The Grand’ in Gurgaon was awarded ‘Residential Property of the Year – North Zone’, while our Ghaziabad property ‘Crescent ParC – SpringView Heights’ was awarded ‘Integrated Township of the Year – North Zone’ and that’s not all. Our Chennai property in OMR ‘Expandable Villas’ won the ‘Residential Property of the Year – South Zone’ award.

The Grand is the newest phase of our 65-acre integrated township in Sector 92, Gurgaon. It offers centrally air-conditioned 3BHK and 4BHK apartments equipped with sophisticated individual zone-control (VRV System). The project has several world-class amenities including an 18,000 sq. ft. 5-star luxury lobby. Just step in and you will be greeted by two breathtaking 23-storey high atriums, elegant reception areas with billiards tables, landscaped sit outs with a coffee shop and many more thoughtful conveniences. The Grand also houses Gurgaon’s largest and finest residential club, called The SARE Club, measuring 35,000 sq. ft.

Springview Heights is spread across an 88.35-acre integrated township called SARE Crescent ParC on NH-24 in Ghaziabad. Its unique features include six towers with seven clubs, of which each tower has its own club. There is also one common club and a central park on a 10-feet-high beautifully-landscaped elevated podium, complete with a Sky Lounge Terrace and entertainment features that offer a first-of-its-kind indulgent experience!

This GDA-approved township is in an advanced stage of construction and habitation. Families are living happily in phase-1, with phase-2 being ready for possession soon, and construction in full swing at phase-3. The leading facility management company Jones Lang LaSalle (JLL) has been appointed to manage the project.

Our 112-acre Expandable Villas project in Chennai enables homeowners to add additional living space at a later stage as per their convenience. The Crescent ParC township at Chennai’s Old Mahabalipuram Road not only caters to lifestyle needs of prospective homeowners, it also maximizes the value of their investments.

On winning the awards, Mr David Walker, Executive Director, SARE Homes, said, “We are very pleased that our first project in the luxury space has been recognised on such a prestigious platform. The fact that as a national-level FDI developer of quality community housing projects, our efforts have been acknowledged, comes as a bonus.”

“For a customer-centric company such as SARE Homes, these awards will go a long way to encourage us to realise the lifestyle dreams of our customers,” said Mr. Vineet Relia, Chief Operating Officer, SARE Homes.

SARE Homes launches The Grand in Sec 92, Gurgaon

We have been known to provide quality community housing at strategic locations in India and are now all set to offer a grand 5-star lifestyle with the launch of ‘The Grand’ in Sector 92, Gurgaon.

Developed as part of the newest phase of its mature 65-acre integrated township SARE Crescent ParC, The Grand consists of 23-floors of elegance in the form of 3-&-4 BHK air-conditioned apartments, with opulent lobbies, concierge services and grand terrace balconies that are perfect for hosting quintessential parties.

Available in sizes ranging between 1,853 and 2,280 sq. ft, all apartments at The Grand are centrally air-conditioned and equipped with sophisticated individual zone-control (VRV System). These apartments are priced in the range of Rs 97 lakh – 1.19 crore.

Step into the world class amenities at The Grand, which offers an 18,000 sq. ft. 5-star luxury lobby, with two 23-storey high atriums, elegant reception areas with billiards tables, landscaped sit-outs, a coffee shop and several other thoughtful conveniences including kids entertainment options.

Residents can unwind in the serenity of The Grand’s 25,000 sq. ft. rooftop terrace which offers facilities including a relaxation deck, jogging track, herbal garden, star- gazing observatory and meditation centre.

While the basic sale price of these apartments is Rs 5,650 per sq ft, we are offering an inaugural discount of Rs 400 per sq ft. You can also look forward to a milestone-linked payment arrangement at The Grand, that’s an indication of our commitment to strictly adhere to delivery deadlines.

As per the milestone linked payment plan, you will require to pay only 20 per cent of the sale price at the time of booking apartments. This will amount to Rs 12.5 lakh for a 3- BHK apartment and Rs 15 lakh for a 4-BHK apartment.

Mr David Walker, Executive Director, SARE Homes assures, “At SARE, we are fully focussed on developing homes that offer our customers a distinctive lifestyle and make their dreams into reality when they start living here. The homes are designed to match the lifestyle needs of modern home buyers, provide them with the latest conveniences and amenities, by which they can truly experience a luxurious style of living.”

One of the most exclusive features of The Grand is that it will be home to Gurgaon’s largest and finest Residential Club, spanning 35,000 sq. ft. It will offer you luxuries such as a party/Banquet Hall and Party Lawn and a pre-function area as well as stellar amenities – creche for resident’s children, a cafeteria on the ground floor, a restobar, cards room and library on the first floor, a state-of-the-art gymnasium, indoor heated swimming pool, outdoor swimming pool with kids pool, squash court, billiards & table tennis room, 2 outdoor badminton courts, an outdoor lawn tennis court, a skating rink and an amphitheater.

Strategically located at the Gurgaon growth corridor, the township is a part of the NCR – home to multinational IT/ITES, automobile and manufacturing companies. You will enjoy superior connectivity to Delhi via the Expressway, Metro, Rail and Bus services. The Grand will adjoin the proposed mega SEZ in NCR and you will have convenient access to an arterial 60-meter wide road. What’s more, you will be just a 40-minute drive from the IGI Airport. The project is also situated at close proximity to the Dwarka and KMP Expressways as well as industrial hubs such as IMT, Manesar.

The Grand will present you a global lifestyle consisting of uninterrupted power supply, 24×7 multi-level security, wide and well lit inroads, landscaped paths, shopping, educational and medical facilities and several other modern amenities for your ultimate satisfaction.

Pay nothing until possession, after first 20% for OMR Projects in Chennai

In association with ICICI Bank, we are offering a customer-friendly scheme.
Under this scheme, you needn’t pay anything for 3 years; just 20% for booking an
apartment at our townships in OMR, Chennai called “SARE Crescent ParC OMR”.

We are giving you this unique offer, so you can buy your dream house in a hassle
free manner, while trusting us for a solid commitment and timely delivery. This
offer is available for a limited period, in exclusive association with ICICI Bank.

SARE Crescent ParC:
SARE Crescent ParC OMR is a 112 acre (approximate) residential township that
offers Expandable Villas starting at 38.5 lacs. This innovative concept will enable
you to not only own land, but also have a villa constructed on it. This villa comes
with a pre-approved layout, designed to accommodate additional living space at
a later date. This way you can own a much larger home with a much lower initial
investment.

The project offers two different kinds of Expandable Villas – ‘Type A’ and ‘Type B’:

Type A Villas:

Ø These are 1297 and 1395 sq. ft. 2BHK Duplex Villas.

Ø You will have an option to choose from front-facing and garden-facing locations.

Ø There will be a provision to build a 3rd bedroom on the 2nd floor with an
attached toilet at a later date.

Type B Villas:

Ø These are 1936 and 2078 sq. ft. 3 BHK Duplex Villas with a study.

Ø You will have an option to choose from front-facing and garden-facing
locations.

Ø There will be a provision to build a 4th bedroom on the 2nd floor with an
attached toilet at a later date.

One of the key features of this scheme is no price escalation on sold units, except those due to change in certain areas, if any.
The Expandable Villas project has been developed giving utmost importance to your lifestyle, and to maximise the value of your investment. Every villa is Vaastu- compliant and boasts of spaciously designed rooms that attract plenty of sunlight.

Special features included in the design are:

Security grills
Master bedroom with balcony
Privacy-design for all bedrooms
Spacious kitchen with storage

The township enjoys uninterrupted power supply, round-the-clock security, children’s playgrounds, high-quality fixtures and several modern amenities. The highlight of this township is an exclusive 20,000 sq. ft. clubhouse with a swimming pool and a gymnasium.

SARE Crescent ParC OMR offers a truly global lifestyle, surrounded by lush green environment. This prime property is strategically located in the region of OMR, between the highway on East Coast Road and the IT Corridor of Old Mahabalipuram Road. It’s just a 14-minute drive from Asia’s largest IT park, SIPCOT. Moreover, the township is in close proximity to Siruseri where schools, higher educational institutions and local convenience-shopping will be easily accessible. This would be via the proposed Chennai metro touching the township, linking it to the city via Thiruporur.

Pay nothing until possession, after first 20% for GST Projects in Chennai

Are you planning to buy a new home? Well, the idea of moving to a new home can be exciting, but you need to ensure that you purchase a home for the future and not just for the present. If you think from a long term perspective, there are some interesting options – flats, apartments, villas, bungalows and so on. Among these, Expandable Villas are being preferred by most homeowners for some obvious reasons. The expandable option is one of the key aspects of investing in Villas. Before we go any further, let us get to know what Villas are about.

A Villa is an independent or a standalone home that may or may not have a compound wall. Contrastingly, a flat or an apartment is just a small house in a building with limited rooms and facilities. A villa consists of up to eight rooms with extra provision for additional space in the living room, dining room, verandah etc. Some villas even have recreations rooms. Modern villas also have gyms, swimming pools, 24/7 security etc. Most home buyers prefer villas over apartments because they give the owner an extra piece of land which is easy for future expansions for a growing family.

While the flats and apartments are limited in terms of space and conveniences, the expandable villas offer a range of conveniences to home buyers.

Here are some of the glaring aspects of owning a villa: 

It’s your own land – You have the pride of owning a land. The extra space gives makes it ideal for cool family chit-chats in the evenings

Expandable option – You can expand your villa as your family grows. The extra space maximizes your freedom and helps avoid congestion in the home

A pre-approved layout – You can plan your layout before building it, so your villa will be designed as per your own conveniences

So, buying a Villa would be a great investment for the future as you can customize your home as per your needs and conveniences.

If you are looking for affordable villas, then you may check out the villas offered by SARE Homes (South Asian Real Estate). One of India’s leading real estate companies, SARE Homes has sold more than 4500 homes all over India including 400+ ‘Expandable Villas’ spread across several acres.

The ‘Expandable Villas’ offered by SARE Homes integrate community living with luxurious residencies. The luxurious homes coupled with a range of facilities that includes swimming pools, gyms, parks etc. let the residents live in an international environment. Furthermore the location of the townships which lies in close proximity to the city’s major hospitals, schools, colleges, shopping malls, restaurants, railway stations, airports, and bus stands fulfills all the essential needs of the residents.

The 2BHK and 3BHK Villas that come in pre-approved layouts are preferred by most Indian home buyers. Both these villas offer easy expansion options of the rooms and terrace to homeowners. The 2BHK villas are equipped with all the modern facilities including spacious living rooms in the ground floor. The 3BHK villas offer more luxury and convenience to the homeowners in the form of a spacious living room, parking space, a master bedroom in the ground floor, children’s bedroom in the first floor, kitchen, and a ground-floor guest room. SARE Homes let you choose from 2 main villa options: Front facing expandable villas or Garden facing expandable villas.

Expandable Villas – A great investment for the future

Are you planning to buy a new home? Well, the idea of moving to a new home can be exciting, but you need to ensure that you purchase a home for the future and not just for the present. If you think from a long term perspective, there are some interesting options – flats, apartments, villas, bungalows and so on. Among these, Expandable Villas are being preferred by most homeowners for some obvious reasons. The expandable option is one of the key aspects of investing in Villas. Before we go any further, let us get to know what Villas are about.

A Villa is an independent or a standalone home that may or may not have a compound wall. Contrastingly, a flat or an apartment is just a small house in a building with limited rooms and facilities. A villa consists of up to eight rooms with extra provision for additional space in the living room, dining room, verandah etc. Some villas even have recreations rooms. Modern villas also have gyms, swimming pools, 24/7 security etc. Most home buyers prefer villas over apartments because they give the owner an extra piece of land which is easy for future expansions for a growing family.

While the flats and apartments are limited in terms of space and conveniences, the expandable villas offer a range of conveniences to home buyers.

Here are some of the glaring aspects of owning a villa: 

It’s your own land – You have the pride of owning a land. The extra space gives makes it ideal for cool family chit-chats in the evenings

Expandable option – You can expand your villa as your family grows. The extra space maximizes your freedom and helps avoid congestion in the home

A pre-approved layout – You can plan your layout before building it, so your villa will be designed as per your own conveniences

So, buying a Villa would be a great investment for the future as you can customize your home as per your needs and conveniences.

If you are looking for affordable villas, then you may check out the villas offered by SARE Homes (South Asian Real Estate). One of India’s leading real estate companies, SARE Homes has sold more than 4500 homes all over India including 400+ ‘Expandable Villas’ spread across several acres.

The ‘Expandable Villas’ offered by SARE Homes integrate community living with luxurious residencies. The luxurious homes coupled with a range of facilities that includes swimming pools, gyms, parks etc. let the residents live in an international environment. Furthermore the location of the townships which lies in close proximity to the city’s major hospitals, schools, colleges, shopping malls, restaurants, railway stations, airports, and bus stands fulfills all the essential needs of the residents.

The 2BHK and 3BHK Villas that come in pre-approved layouts are preferred by most Indian home buyers. Both these villas offer easy expansion options of the rooms and terrace to homeowners. The 2BHK villas are equipped with all the modern facilities including spacious living rooms in the ground floor. The 3BHK villas offer more luxury and convenience to the homeowners in the form of a spacious living room, parking space, a master bedroom in the ground floor, children’s bedroom in the first floor, kitchen, and a ground-floor guest room. SARE Homes let you choose from 2 main villa options: Front facing expandable villas or Garden facing expandable villas.

“This is an innovative concept being promoted by SARE. These villas have been designed to enable the homeowner to add additional living space at a later date. The layouts are pre-approved to ease this expansion. This enables the homeowner to initially buy, say a two bedroom house with a lower initial investment, and later expand into a third bedroom at his/her convenience. This enables the homeowner to eventually own a much larger home with a much lower initial investment”