New Endeavors by Rich Infra

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Rich Infra has successfully adorned the crown of being among the leading real estate developers in India. This has been the outcome of persistent efforts by it to build new and beautifully designed projects. Under the banner of Bindaas Property, it has build various successful projects that are running effortlessly today. Recently it has also build many of the new endeavors that are expected to be on a high in the near future. Some of the recently accomplished projects include:

 

SBP Homes

It is a fully residential area spread across 180 ft wide airport road. Moreover it stands just 2 kms away from Punjab’s biggest commercial mall and thereby is of a great benefit to the people residing there.

GBP Eco Homes

Its a complete valley town ambiance and global lifestyle that is built after the massive success of other endeavors by the group.

 

Apart from this, there are many other new projects by Rich Infra that are bound to achieve massive success in coming times.

RichInfra is one of the strong and renowned brands in the world of Indian infrastructure Development.

RichInfra is one of the strong and renowned brands in the world of Indian infrastructure Development. We at Rich Infra aim at providing cutting edge infrastructure solution to the community without compromising with quality. By following our core values of honesty, creativity and client-oriented approach, we have achieved the heights of success in a very short period of time. It is our clients’ trust only which motivates us to surpass the benchmarks for them. Our product offerings include residential, commercial and retail projects, villas, farmhouse etc.

Rich Infra Developers India Ltd. (RIDIL) is India’s leading infrastructure development company

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Rich Infra Developers India Ltd. (RIDIL) is India’s leading infrastructure development company which has been meeting country’s real estate requirements since (year of establishment) with its unparalleled range of products and services. The company not only offers residential and commercial infrastructure solutions, but also deals with other industries including hospitality, education and orchard farming. Rich Infra has prolonged its interests in different businesses such as agriculture, employment and civil construction. The company has a wide network across 19 states of Pan-India and is expected to make its presence in overseas as well.

Rich Infra Talks About Trending Design Concept- Customized Homes

“Customized Homes” has become a latest buzzword in the real estate market of metro cities. In order to attract the buyers and satisfy their housing needs, many realty developers are coming with the option of customized homes. Before we talk more on this concept, first lets understand what customized home actually mean.

Customized home means a house which is designed for a particular location by applying different plans and designs of an architect. In customized homes, the primary focus is on home designing. Developers of customized homes target those buyers who already own high segment houses and plan to redevelop. This all new concept is a perfect alternate to personalized villas.

The home buyers who are looking for land to build a house by involving in every stage of construction, will certainly like the concept of customized homes. With this, one can build house as per his/her own set of plans and designs. For the buyers who are interested to buy a customized home, there are certain points of consideration:

• In this model, you must have a plot to construct the house. If you don’t any land, then you should first get a piece of land as per your requirements.
• As per your liking, you have the freedom to choose any product used in construction, floor plan, room size, design, tiles and so on.
• In a few cases, the basic construction plan cannot be changed due to the limitations onthe part of developers to deploy the technology as regards to floor plan, steel frames etc.
• You also have the freedom to work closely with a builder and architect who are taking care of the house’s design.
• With customized home, you are the decision making authority for each aspect with a great level of freedom and flexibility.

While choosing customized builder, make sure you check the work done by them in the past.

Rich Infra Provides Insights into Gurgaon’s Real Estate Market

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Gurgaon is one of the preferred destinations for property seekers. The real estate market of Gurgaon has gone through unprecedented growth since 2004. During 2012-13, there has been a downfall in the real estate of Gurgaon. However, despite these up and downs in the market, Gurgaon has managed to stay a desired investment location for Indian audience.

Today, Gurgaon holds more than 1 Lac residential apartments and this number is expected to grow in near future. The government in collaboration with private investors, is making a strong contribution in uplifting the infrastructure industry in the region. The city has undergone tremendous commercial infrastructure developments. The commercial real estate has played a vital role in the success of Gurgaon’s real estate market. Most of the MNC’s have set up their offices in Gurgaon which has attracted many people from the rest of the city to migrate in Delhi NCR. As a result of it, the demand for rental residential property got increased which eventually turned into more demand for residential apartments in Gurgaon.

 Right now, the new projects are coming up in following areas:

• Golf Course Extension Road
• Northern Periphery Road
• DwarkaExpressway
• Southern Periphery Road

 Some of the upcoming projects in Gurgaon are:

• Vedas- Raheja Developers
• Navodaya- Raheja Developers
• Atharava- Raheja Developers

You can browse more projects at: http://www.bindaasproperty.com/propertylisting.php?stype=project

It is expected that the real estate market in Gurgaon will grow at the end of 2015 or start of 2016. Gurgaon has world class infrastructure, employment opportunities and great connectivity with other regions of NCR. All of these factors make it a good real estate investment option. In the coming time, more residential and commercial property projects are expected to launch in the city.

If you are also looking to invest in Gurgaon for commercial or residential property and need some expert advice, then feel free to contact the real estate industry experts at Rich Infra.

Rich Infra Shares Useful Tips to Avoid Fraud While Buying Property in India

In today’s time, having an owned house has become everyone’s dream. In India, the realty demand is increasing rapidly. Buying a new house is something which needs cautious efforts on part of buyers in order to get correct property. Checking the cost, location, amenities, possession dates, modes of payments etc. are important. However, it is equally important for buyers to protect themselves from the risks of frauds while investing their hard-earned money. Rich Infra, which is a leading infrastructure development company in India, has always been educating the Indian audience to safeguard their interest. Real estate experts at Rich Infra Developers Ltd. has laid down some useful tips which every real estate buyer should take into account to avoid frauds.

Which Documents to Check?

Here are some important documents that buyers need to check while buying a new house.

 Sale Deed

• Mother Deed
• Approved Plan of Your Building
• Encumbrance Certificate
• Conversion Certificate
• Occupancy Certificate
• Tax Receipts
• PoA (Power of Attorney)
• Completion Certificate

Different Ways of Cheating in Real Estate

• Use of Fake Documents
• Multiple Mortgage of Property
• General PoA
• Showcasing Govt. Owned Lands
• Multiple Registrations
• Dubious Agreements

 Quick Checklist to Follow

• Ask for original documents of the property
• Check previous encumbrances or loans
• Check if the layout and building layout plan is approved
• Check for property and water taxes in addition to society, maintenance and electricity charges.
• Check total cost of the property
• Other Facilities
• Check income tax clearance certificate to ensure that owner has cleared all the income tax liabilities
• Make local enquiries to check the seller’s reputation
• Ask for NOC
• Check if the property has been mortgaged by the owner in any bank
• Check all the ownership documents clearly. It would be good to hire a legal consultant

Rich Infra Shares Useful Tips to Avoid Fraud While Buying Property in India

In today’s time, having an owned house has become everyone’s dream. In India, the realty demand is increasing rapidly. Buying a new house is something which needs cautious efforts on part of buyers in order to get correct property. Checking the cost, location, amenities, possession dates, modes of payments etc. are important. However, it is equally important for buyers to protect themselves from the risks of frauds while investing their hard-earned money. Rich Infra, which is a leading infrastructure development company in India, has always been educating the Indian audience to safeguard their interest. Real estate experts at Rich Infra Developers Ltd. has laid down some useful tips which every real estate buyer should take into account to avoid frauds.

Which Documents to Check?

Here are some important documents that buyers need to check while buying a new house.

Sale Deed

• Mother Deed
• Approved Plan of Your Building
• Encumbrance Certificate
• Conversion Certificate
• Occupancy Certificate
• Tax Receipts
• PoA (Power of Attorney)
• Completion Certificate

Different Ways of Cheating in Real Estate

• Use of Fake Documents
• Multiple Mortgage of Property
• General PoA
• Showcasing Govt. Owned Lands
• Multiple Registrations
• Dubious Agreements

 Quick Checklist to Follow

• Ask for original documents of the property
• Check previous encumbrances or loans
• Check if the layout and building layout plan is approved
• Check for property and water taxes in addition to society, maintenance and electricity charges.
• Check total cost of the property
• Other Facilities
• Check income tax clearance certificate to ensure that owner has cleared all the income tax liabilities
• Make local enquiries to check the seller’s reputation
• Ask for NOC
• Check if the property has been mortgaged by the owner in any bank
• Check all the ownership documents clearly. It would be good to hire a legal consultant

New DDA chief eased land row

NOIDA: Balwinder Kumar, the IAS officer who steered the Noida Authority through the land acquisition crisis two years ago, has been appointed vice-chairman of Delhi Development Authority. Kumar will take the reins from D Diptivilasa. Before his appointment, Kumar was development commissioner with the Union textiles ministry.

A 1981-batch IAS officer from the Uttar Pradesh cadre, Kumar served two stints as chairman-cum-CEO of the Noida Authority in 2007 and 2011. The Mayawati-led BSP regime had sent Kumar to Noida in July 2011 when the land acquisition crisis was at its peak and agitations and legal cases lodged by farmers had plunged a slew of development and housing projects in the city into uncertainty. Kumar replaced Mohinder Singh, a close confidante of Mayawati, as the protests that erupted in Greater Noida began engulfing Noida as well.

Kumar’s primary assignment was to placate the farmers and negotiate a solution. An astute administrator with tact and an understanding of ground realities, Kumar managed both. Speaking to TOI on Monday, Kumar said he would take charge of DDA within the next couple of days.

“Governance at the DDA will be conducted in the same manner as had been done at the Noida Authority. My priority will be ensuring a speedy delivery system for the common man, who has various expectations from the DDA,” Kumar said.

Real Estate Company

Rs. 7,700 cr worth realty NPAs up for sale: report

Indicating the worsening stress on the realty sector, an estimated Rs 7,700 crore worth of commercial and residential properties loans are up for sale, according to an industry report.

Data compiled by NPAsource.com, a portal that focuses on resolution of stressed assets, shows that there are around 2,200 units in the commercial category and nearly 11,000 units in the residential segment funded by banks and other financial institutions and valued at over Rs 7,700 crore, which have turned NPAs and are on the block.

The portal has NPA data of properties worth around Rs 27,500 crore spread across 27,626 units. Out of this, commercial NPA properties have a 15 per cent share in value term, while residential properties constitute 13 per cent.

The lion’s share of bad assets come from the industrial land and building category constituting over 65 per cent share in value terms, the portal said.

Portal Chairman D K Jain said Maharashtra, largely due to Mumbai, tops both the commercial and residential categories with Rs 842 crore and Rs 838 crore worth NPAs, respectively.

Delhi follows with Rs 686 crore worth of commercial NPAs and Rs 500 crore worth of residential NPAs.

Andhra is at number three in residential properties with Rs 497 crore worth of NPAs up for sale under. Tamil Nadu, Bengal and UP are the next three states with highest value of commercial and residential NPA properties, he said.

Though Mumbai leads the space in realty NPAs, Delhi leads on the single—NPA front, with a New Delhi office property, valued at Rs 200 crore at the base price turning bad and followed by a farm—house in the Capital with a base value of Rs 40 crore.

Against this, the priciest two Mumbai properties pale in value with a base price value of Rs 26.5 crore and Rs 24.6 crore, respectively, said Jain.

“As NPAs in the corporate sector continue to grow, there will be more commercial and residential properties coming up for auction. The slowdown in realty markets has further added to the woes of the lenders who will not be able to generate higher returns by selling these mortgaged properties,” said Jain.

http://www.thehindu.com/business/Industry/rs-7700-cr-worth-realty-npas-up-for-sale-report/article5523313.ece

Realty sector welcomes home loan rate cuts by SBI, HDFC

Welcoming the 0.25% rate cut by two of the biggest home loan financiers SBI and HDFC, realty sector participants today said the move will help revive interest in the gloomy market.

“This is a positive move to boost property sales and spur industry growth. Home buyers who were earlier waiting for rates to come down will now certainly look at buying their dream homes,” industry body Confederation of Real Estate Developers Association of India (Credai) Chairman Lalit Kumar Jain said.

“The home loan rate cuts from certain banks have occurred after nearly a year, and will augur well for investment sentiments in the market,” property consultant CBRE South Asia’s Chairman and Managing Director Anshuman Magazine said.

It may be noted that the residential sector had suffered a major set back due to increasing home loan rates, which had forced buyers to postpone their home buying decision.

Magazine also welcomed Reserve Bank’s move to hold on to its key rates despite the high inflation, which resulted in the rate cut announcement by SBI and HDFC last evening. He said the move is a positive signal for the investment climate.

SBI, the country’s largest lender, first announced a rate cut of 0.25% in its home loan rates yesterday, forcing HDFC, the second biggest home loan financier, to respond.

The move came a day after the Reserve Bank of India kept its key policy rates unchanged. The short-term lending rate was kept unchanged at 7.75%, while the cash reserve ratio (CRR) remained at 4%.

According to watchers, the lenders were also enjoying a reduction in provisioning for some time, which will now get passed on.

SBI home loans will now be available under two slabs — under Rs 75 lakh and above Rs 75 lakh. SBI loans of up to Rs 75 lakh would now be available to fresh borrowers at 10.15% as against HDFC’s 10.25%.

SBI has also given an additional concession of 0.05% to women borrowers, after which the borrowing rate will be 10.10% for home loans of up to Rs 75 lakh