Real Estate business needs lots of  investigation before investing money into it. Certain companies, some projects, some builders are fraud, and sometimes our luck is fraud. We need a trustworthy agent who is legaly certified and is not a fraud.

Investors clinic is an ISO 9001:2000 certified company, which has gained a huge respect in the industry with esteemed patrons and lots of awards, one award Times Research Service Excellence Award 2010 is honored to Investors clinic by respected Kapil Dev in 2010. Investors clinic also achieved an award by Buildecon Publisher for the Best Property Consultants in Delhi/NCR. Investors clinic deals with legal and genuine builders with all approved projects only to avoid any case of fraud deal. Investors clinic believe “customer is king and one can never hoax with King.”

MUMBAI
An apartment, measuring approx. 3000 sqft, recently was dealt for about Rupees 20 crore on Carmichael Road. This large apartment has a huge entrance lobby, living room with an adjoining dining area and a separate study room. The master bedroom has an en suit bathroom with a walk-in closet and beautiful sea views. The apartment has separate servant’s quarters and a covered and an open car parking. The building is equipped with amenities like a garden, pool table and a gym . Carmichael Road is one of the most posh localities of Mumbai with several oldstyle bungalows and apartment buildings.

PUNE
Lately, a 3-BHK apartment was sold at a price of Rupees 44,33,000 in Rich Woods, a new project by Rama Developers in Chikhli in the city. The price included of the car parking charges . Rich Woods is a project of 180 large 2 & 3 BHK apartments in 07 imposing towers with high-tech amenities and facilities. Chikhli is directly accessible from the Nashik highway and has great connectivity to the Pimpri Chinchwad area. This Group has made its mark in the city with two well executed projects to its credit. The base rates are being quoted at  3,100 per sqft, while the general residential rates in the area range between Rs 2,600 per sqft and Rs 3,100 per sqft. Chikhli area has grown as a feasible residential locality. It has become a perfect option for investors as well as ultimate users.

DELHI
In a latest deal in Delhi , a 600 square yard plot was dealt at a range of Rupees 61.5 crore. This old Ground+01 property is located in Shanti Niketan which is  a rich residential micromarket in South Delhi. The property has been purchased by a well-known builder of NCR for redevelopment. The builder plans to build a Ground+Three storied structure and construction activity will start soon. The builder has already started marketing the project . The first floor is been quoted for Rs 20 crore, the second floor for Rupees 20.5 crore, and the third floor for Rs 21 crore. The project commands a premium in terms of price, due to its South Delhi location which is well connected to all the major business complexes in the NCR and most of the foreign embassies are in the neighbourhood in the location.

The NRI investor Purnendu Chatterjee’s TCG Real Estate and US-based Vornado Realty Trust, is in the final stages of investing Rupees 270 crore in two residential developments inNCR and Mumbai. The fund will invest Rupees 150 crore and Rupees 120 crore in housing projects in Mumbai and Noida, respectively, and pick up 40-45 % in each of the projects, said a person known with the fund’s plans.

“The 400 million Dollars Fund works with land-owners, state governments and developers; particularly medium size developers who lack both money and management talent, to produce international quality real estates, which supply to the high demand sector of the industry.Property developers are increasingly revolving towards private equity funds for financing their projects as commercial banks have strengthen their lending to real estate. The Fund takes both controlling and minority positions. The Fund also looks at investing in related sectors such as construction, mortgage, lending and infrastructure. The Fund invests between 5 million Dollars to 50 million Dollars in each investment. TCG is the property development and investment arm of The Chatterjee Group.

The hike in interest rates may have a waving effect on the real estate sector with construction cost moving up. This announcement by RBI will have a negative impact on real estate developers already spining under pressure from lack of capital from financial institutions. It comes as bad news even for those looking to buy a house as loans would become more costlier. Several banks like ICICI Bank, SBI and IDBI indicated that they would increase interest rates on loans in near future.
Pradeep Jain, Chairman of Credai said, “The 50 BPs hike is harsh. This will deepen the cash crunch scenario which industry is facing right now. Taking out funds of the market cannot be the only solution to overcome inflation. The current pressure on prices is global in character and reflects supply side bottleneck. The solution is not monetary tightening. To me it is surprising and anti-housing policy.” Ashok Tyagi, group CFO, DLF said, “hiking interest rate has never been a tool to fight inflation. This could start impacting supply side investment.”

AHMEDABAD: With each unaccounted income disclosures in the recent income-tax raids on four city-based groups, I-T detectives are disclosing newer shady froth of real estate business in the city. I-T officials have found that the raided real estate groups had given so much of freedom to brokers to grab lands from farmers. The property consultantswould strike the deal with farmers, mainly to adjust the cash transaction, and realtor would appear only at the time of documentation.

Around 200 I-T detectives had on April 28 carried out a search and survey operation on 60 premises of four city-based groups, three of which are popular realtors, while the fourth group has one of city’s well-known jewelers as key promoter. The I-T officials searched many land brokers attached with the realtors and has got Rs 6 crore black money disclosure from one such broker from whom Rs 20 lakh cash was also captured. The total disclosures in the operation have already touched Rs 66 crore. Still more such disclosures are to come while premises of the fourth group are still sealed as the promoters are out on a trip to Singapore.

I-T officials have already struck gold in the first raid this financial year and have captured Rs 8.3 crore cash from realtors and property consultants. During the search at the jeweler’s premises, the officials found a difference of Rs 60 lakh in the stock officially declared and displayed at the shop. The department is now closing in on different ways evolved by realtors to avoid tax and ground black money. However, city realtors said that employing brokers while dealing with farmers is no new thing, but now these brokers are used to do foggy deals.

“A builder would book a land at the prevailing rate with token money given through brokers. The brokers would keep the farmers hanging and depending on the cash flow of the builder he would go ahead with the deal on his will,” the official said.

The department has earlier already found that the realtors searched used cheque transaction to record cash payments by the buyer against a property.

NEW DELHI: The Income Tax Department became one of the largest purchasers of real estate properties last year as it embarked on a mega expansion fling to spread its establishment for enhancing taxpayer services in the country.

The department, which has recently started a special drive to check frequency of black money in the country’s real estate sector, has acquired high-worth properties worth about 2,500 crore in more than 20 cities in the last year alone.

The largest possession by the department has been at the cost of more than 2,000 crore for the purchase of office space in the civic centre near the national capital’s marketing hub, Connaught Place. The civic centre is the tallest building in Delhi. The department has likewise purchased 56 staff quarters worth more than 89 crore at the pricey Bandra-Kurla complex in Mumbai.

“All the purchases have been done in order to inflate taxpayer facilities and to provide better living and working facilities for the department staff. No doubt the department’s purchasing power has been the largest in the last financial year.”  The  department, with these possessions in the real estate sector has probably become the largest government department to acquire and create real estate in the country, the Income Tax commissioner said.

The shopping bucket of the department, has other high-profile acquires and possessions like creation of a training centre and hostel facilities for new comers of the Indian Revenue Service (IRS) at their alma mater – National Academy of DirectTaxes (NADT) in Nagpur at the cost of Rupees100 crore.

In Chandigarh, the I-T department has purchased 5,000 acres of land for office space at the cost of more than Rupees 33 crore, a centralized air conditioned I-T office at Udaipur at the cost of more than Rupees 16 crore, acquisition of land for creation of office building for the department in Mumbai at about Rupees 23 crore and land measuring more than 9,500 sq m at Jamnagar, Gujarat for office building at  Rupees 8 crore.

Another set includes office building at Siliguri for 5.5 crore and a separate creation of 49 residential sectors and guest houses at Siliguri in excess of 10 crore. One more big acquirement by the department has been made at Muzzafarpur in Bihar for building staff quarters at the cost of more than 21 crore.

The department has also been sustained by the success of direct taxes (income tax) collection which was about 4.50 lakh crore in the financial year 2010-11. Despite the department paying 72,000 crore in refunds, the stout direct tax collection is the highest in any financial year.

On completion of two years in Pune, Sayaji Hotels Ltd is planning to invest Rupees100 crore in Pune. . “This expansion will be completed by September 2012with a total investment of Rs 100 crore” said, Sajid Dhanani, MD, Sayaji Hotels Ltd. The group is planning to expand its operations with a sports and cultural club, restaurant, mall, meeting and conference facilities and service apartments.

“The demand for hotels and restaurants is increasing at a good rate in Pune. Dhanani’s estimate is 22 per cent as far as hotel business is concerned. Though supply of rooms in the last two-three years has increased considerably, the restaurant business is on the rise far more speedily.

Moreover, Sayaji Hotels further plans to influence the brand image it has created in Pune by exploring in other locations likeBangalore, Chennaiand Gurgaon wherein majority of its customers come from automobile, Information Technology and Engineering industries. It also has plans to expand Barbeque Nation brand from current 18 divisions in the country to around 33 divisions by the end of the year. The new Barbeque Nation restaurants will be opened in majorly in metropolitan seven cities such as Mumbai, Delhi NCR, Chennai, Bangalore, Hyderabad, Kolkata and Pune. The group’s turnover was roughly around Rupees 190 crore for the financial year 2010-11.

NEW DELHI: One of the pushiest area of South Delhi Vasant Kunj, take a stroll into Sector E and you get a chill  down your spine. Rows and rows of vacant flats give a stare at you. It’s weird,  haunting and unsettling. But this ghost township is part of the greedy DDA’s  prestigious 2008 housing scheme, for which millions of Delhiites had put their  luck and money at stake.

It’s a sprawling area housing nearly 800 DDA flats, but it’s lonely and isolated  out there. Only 50 families are still hanging on to what they once thought was  their dream home. So here’s comes a note of caution. If you have bagged an  allotment in the 2010 lucky draw at Vasant Kunj, you could also be a victim of  DDA’s disregard. Astonishingly, the agency has failed to provide even the basic  amenities of water and electricity even 3 years after the allotment of the  flats.

One of the residents, Harish Chand, is still battling it out in his infirm flat  at Pocket 2 in Sector E. He has nobody next door, because most allottees have  never turned up to live there. But most of these flats have been robed,   electric wires hang dangerously and meters have all been stolen. Burglars have  a field day in this area and dirt spills over from open drains. Taps run dry  and Harish Chand has no option but to buy drinking water. The Delhi Jal Board  (DJB) has made it clear; it does not have water to provide. “When we  complained to DDA about lack of water, we were directly told that DJB cannot  supply water. We have been surviving on water from tankers and tube wells. We  are barely surviving as just 50-odd families live here. But we still have tobuy drinking water. Pipelines are broken, there’s no impression of maintenance,  DDA had just refused to act on it,” said Harish Chand. His suffering began  much earlier. Harish and many others had to wait till April 2010 to take  possession after a scam hit the DDA housing scheme in 2008.

Manoj Jain, who lives in Punjabi Bagh in his parental house, said that someone  was illegally tapping into his meter and stealing power. “I keep coming  back to check my flat, the lock outside my flat has been broken and my electricity  meter has been tampered. I realized this when I got an overblown power bill  this month,” said Jain. There is also no approach road leading to these  flats. “I moved into my flat a month back and there are trucks parked  there which creates a security threat,” said Rajesh Kayala.

Now, DDA is claiming that  construction of the approach road will start in a month’s time. “The  tenders have been proposed also floating tenders to provide RO water to the  flats. We are now sending water tankers to the area,” said a DDA official.