Wider spectrum

Rustomjee Group's customer-friendly approach and catering to all strata of housing has made them successful in business, says Boman Irani

Started in 1996, Rustomjee Group's first project was Rustomjee Acres at Dahisar. The group, led by chairman and managing director Boman Irani, has spread its wings across Mumbai, with projects in places like Malad, Andheri, Juhu, and Bandra, among others. Mr. Boman Irani says, "From our inception, we have tried to cover the entire range of housing by constructing in various locations."
Currently, Rustomjee Ozone, Rustomjee Elanza and Rustomjee Urbania are some of their landmark projects. Rustomjee Ozone at Goregaon (west) offers houses of 2, 2.5, 3 BHK with various amenities. Rustomjee Urbania, Thane in 2BHK configurations offers landscaped gardens, rainwater-harvesting, and a decorative entrance lobby, among other things. Rustomjee Elanza at Malad has 2 to 2.5 BHK configurations with state-of-the art amenities. Rustomjee La Sonrisa at Matunga is a luxurious project.
Rustomjee Global City is a township project at Virar. Global City is an ‘affordable’ project, with infrastructure like schools, colleges, hospitals and amusement area for residents. The project is also significant in terms of basic infrastructure like power, water, and roads.
Rustomjee's mission is to define urban landscapes and adapt to changing socio-economic needs. Mr
Irani says, "We didn't want to restrict ourselves to one kind of housing and want to be the developer of affordable as well as exclusive category homes."
Rustomjee's presence in the commercial sector with Rustomjee Aspiree at Sion, Rustomjee Natraj located on Western Express Highway in Andheri are strategic and well timed.
Describing Rustomjee’s speciality, Mr Irani says, "All our buildings are planned for quality living, where sizes of the apartments and safety is given importance."
Talking about Rustomjee’s presence in varied locations like Goregaon, Malad, Thane and even distant destinations like Virar, Mr Irani explains: "Offices are not saturated in town any more; they are scattered towards various locations like Bandra-Kurla complex, Malad, and Goregaon. Even after commuting for one hour, residents get facilities like entertainment, play ground within walking distance, which is worth it.”
A customer-friendly approach and value for money sets Rustomjee apart. Mr Irani explains, "With us, buyers have also grown over the years and can differentiate a good house from a bad. Rustomjee has
long-term relationships with customers, as we provide comfortable, peaceful homes."
Demands and preferences of buyers have changed over the years. Mr Irani says, "Buyers have become cost conscious and are focusing on the value home with basic infrastructure. The brand name also helps the buyer to make the decision."
Commenting on the current Budget Mr Irani says, "Real estate is the key driver for the economy, but not much attention is paid to it. Affordable housing is the need of the hour, but nothing much has been done for that sector."
He adds, "Developers pay for development in their projects. I think government should create a code having uniformity in terms of materials, construction among others. The government should differentiate between a reputed and genuine developer and a person just becoming a developer."
Mr Irani also says, "Infrastructure like power, water supply should also be looked into by the government. Old pipelines should be changed to ensure smooth water supply. Projects like Bandra-Worli Sea Link, monorail should enhanced and water ways should be used to create transport."
With hobbies like reading, Mr Irani is also a nature lover who loves to go for nature walks and horse riding. Mr Irani came into real estate by chance and is very happy, as he feels it interesting.
Rustomjee Group has received several awards for their contribution to the sector and is into philanthropy through Rustom Irani Foundation.
Commenting on the current scenario Mr Irani says, "The scenario is good and markets are doing well. We have a self-devised body Maharashtra Chamber of Housing Industry (MCHI) ensuring healthy competition with each other."
Rustomjee has plans for mass housing in Mumbai. He says, "This is a cause close to my heart." Rustomjee's uncompromising commitment to the highest level of quality as well as its consistency in delivery will take it a long way.

( via -times proporty )

Infra Splendour

Infra Housing Pvt Ltd, established in 1996, is promoted and managed by a group of dedicated technocrat professionals. Infra Housing (P) Ltd. is a professional, dynamic and forward-looking company that leverages the best existing expertise and resources in the housing industry. It is promoted and managed by technocrats, entrepreneurs and specialists who bring uncompromising integrity and dedication to this very competitive industry.

It is a measure of its commitment and success that in just six years the company has four completed projects - Infra Harbour view, Spring valley homes, Infra Hillock phase I, and Infra White Hall; two projects just months away from completion - Infra Airport square at Nedumbassery, and Infra Hillock phase II at Changampuzha Nagar, Kalamassery; and three ongoing projects - Infra Hillock Phase III at Changampuzha Nagar, Kalamassery, Infra Hamlin at Panampilly Nagar, Infra Meadows, Luxury villas at Kakkanad, Infra Gallant and Infra Splendour. With one gets the best of both worlds. A company that understands the ground realities of what absolutely works and what doesn’t. And knowledgeable people with commitment and transparency, prepared to offer housing solutions that are just right.

Infra Splendour:- 67 cents of natural hard land, off the Palarivattom-Edapally bypass - a neighborhood that is soon transforming itself into the new shopping, business, and recreational hub of Kochi. Infra Splendour is a high-rise apartment development at the new pulse of Kochi.This ground plus 13-story'd apartment complex will offer 78 pleasantly designed high-tech apartments with outstanding features.Over and above the standard, amenities will include a swimming pool, a fully equipped fitness center and a private deck for parties. Every home at Splendour comes with quality certified fixtures and superb finish, and is pre-wired for high-speed Internet access and intercom. Splendour residents will also enjoy a choice of medical, educational and community facilities right at their doorstep.And you can be fully confident that the unique overall ambience at Splendour with itsCarefully thought out architecture is designed for great harmony.A place for reflection and rejuvenation. A place where the finest lifestyle is for the taking.

Amenities

• Swimming Pool
• Children's Play Area
• Gymnasium

PGP Village

The PGP Group, Chennai has added a new dimension to the industrial scene of India since 1987. The companies under this group were promoted by Dr Palani G Periasamy, a Non Resident Indian based in USA and his Associates.

Dharani Developers Private Limited is the realty wing of the prestigiuos PGP Group, Chennai which has added a new dimension to the industrial scene of India since 1987. The group is at the forefront of new developments in the hospitality and residential business, partnering with International Consultants and offering world class services and facilities. Le Royal Meridien, in Chennai is one such project.

"Expect the Exceptional...

The PGP Village is being built on trust earned over the years, building quality homes. Homes of high caliber, Incoporating the best of changing life-styles and growing aspirations for better homes in a prominent location in Singanallure, Coimbatore.

PGP Village is a magnificient two and three bedroom facility apartment home minimum of 960 sq.ft. located in Singanallur, Trichy road, Coimbatore; a property that enjoys magnificient views of the open countryside.

PGP Village is a fine property spread across 10 acres of land, having 8 blocks named after the traditional flowers from Tamilnadu like Malli & Shenbagam. With their experience and their culture of paying attention-to-detail, it is built using impeccable arhcitecture and the highest quality material.

A drive to PGPublish PostP Village, Singanallur.

The Property, is located off Trichy road and is just a short drive from the coimbatore airport. Singanallur has all the amenities including schools, colleges and public transport. It also has all the other basic conveniences like markets at close quarters.

Amenities

• Swimming Pool
• Garden
• Children's Play Area
• Gymnasium

The Parsvnath Group's Platinum homes

The Parsvnath Group is a conglomerate of Companies endowed with exceptional foresight and an acumen to develop strategic growth areas in the sphere of Real Estate and Construction. The Parsvnath Group is developing over 30 million sq. ft. area in 49 projects (in Noida, Greater Noida, Indirapuram, Ghaziabad, Mohan Nagar, Kaushambi, Saharanpur, Moradabad, Gurgaon, Faridabad, Sonepat, Chandigarh, Punjab, Jaipur, Bhiwadi & Delhi).

The Parsvnath Group has been consistently moving towards a high growth performance & adding feathers to its cap along the way in its ever upwardly climbing graph, Parsvnath Developers Limited, the flagship company of the group, has been certified as an ISO 9001: 2000 company. Further, as a sealing stamp to the Group's unmatched expertise, it is today the first Indian Real Estate Co. to have an NAREDCO&ndashICRA Dr3+ Rating. The Group is committed to create new hallmarks of excellence.

Keeping in view of the current trends, Platinum homes are built to provide state-of-the-art accommodation at affordable price. Platinum Homes come with a convenience of access to upper floors as they have an added advantages of high speed lifts to transport you to your home. At Parsvnath, we've always valued our esteemed buyers and attempted to serve them best by providing them world-class amenities. Be it the convenience of shopping at door step or club with swimming pool, gym etc. to take care of your entertainment needs, It's all there at 'Platinum'.

Located at Swarna Nagari, Greater Noida, it offers a unique blend of luxury, grandeur and intelligent design. With every desirable facilities within the complex it offers an unmatched parallel.

Redefined luxury in every detail Parsvnath Platinum Towers will meet the highest of your expectation.

Amenites

• Swimming Pool
• Garden
• Jacuzzi
• Sauna
• Gymnasium

( via - propmart.com )

Green is in

There are many ways to make your home eco chic.

Going green is more than a trend; it's a way of life. Organic décor is also the emerging trend in the year 2009. There are many ways to make every room in your home a little greener without spending much or detracting from your style.
One of the biggest contributors to the pollution is paint. Typical paint releases airborne chemicals knows as volatile organic compounds, or VOCs. Choose paints that no or low VOC paints. Paint is an economical way to give your home a fresh new look so why not make an earth friendly choice?
Thinking of buying new furniture? Make a smart selec tion. There are many companies producing furniture from sustainable materials or recycled resources in great designs. Go less toxic by choosing fur niture with natural finishes and organic materials. The best option is to recycle furniture and give it a makeover. You could also use reclaimed wood, but it could prove to be a little expensive to begin with.
Fabrics are also going green. One hundred percent cotton is a good choice, as is hemp, silk, linen and wool. Bamboo fabric is the latest addition to the list. Organic bamboo fabric is a natural textile made from the pulp of the bamboo grass and looks like silk. Bamboo not only has antibacterial qualities but also is very quick growing and does not usually require the use of pesticides and herbicides to thrive. As a result, plantations can easily be kept organic and replanted yearly to replenish stocks.
Patterns inspired by nature are in demand. Bold florals, leaf designs, and bright colors are all available in natural fabrics so if you're thinking of new draperies, bedding, upholstery or pillows, choose from these green fabrics. Opt for organic rugs and carpets.
For eco friendly flooring options cork and bamboo flooring are excellent choices. They not look terrific but are also sustainable in the long run. Linoleum, not to be confused with vinyl flooring, is another good eco friendly choice.
If you want to buy new appliances, shop for the most energy efficient ones you can find. Switch to water saving toilets and showerheads. Check out the new, attractive energy saving light bulbs now available. Thinking about adding accessories? Discover art made from recycled items. There are wonderful Bamboo accessories that can be brought into your home décor. Look for exotic creations made of recycled newspaper art.
Environmental architect and interior designer Sujata Kodag says, "When one decides to go green, there are three ways. First one can choose for an eco-friendly design to begin with. For example, see that the design of your house allows natural light and is leaning towards heavy use of ACs. Secondly while selecting furniture, one should pay attention to material used. For example, luster paints should be avoided as they contain high VOCs, instead one should opt for water-based paints. And thirdly, one should actually make the house look green by adding some greenery to it."
So don't forget to add live plants to help filter the air and bring a whiff of freshness to your organic home décor.

( Times of india Pune )

What makes Runwal Group different is their clear foresight, believes Sandeep Runwal

Established in 1978 by its visionary founder Chairman Subhash Runwal, the Runwal group today is one of the leading players in several segments including construction and retail. Quality work, professionalism and customer satisfaction are the strong pillars of the Runwal Group.
The Group's CEO Sandeep Runwal is an MBA from IIM Bangalore and now leads the company. "Doing your own business drives you and the pleasure of achieving something is beyond," he says. Playing a sport and spending time with his kids is what occupies him if he is not cracking business deals.
Committed to making simple, elegant homes, the Runwal Group believes in constantly challenging themselves in order to widen the horizons by making a holistic contribution to changing Indian lifestyles. The Runwal Group is also amongst the former groups to have pioneered the post-sale property maintenance and management and thus, enjoy a long-standing association with the customer.
Having made a humble beginning with their first project in Thane, the Runwal Group today has developed more than 35 landmark projects with superlative housing solutions in suburbs like Chembur, Ghatkopar, Mulund and Thane and even Pune. It is well-known for its thoughtful planning, architectural excellence, abundant greenery, open spaces and latest amenities. Some of their key projects launched in the past include Runwal Pride, Runwal Infinity, Runwal Grand, Runwal Pearl, Runwal's Garden City, Runwal Heights, Runwal Grandeur, Runwal Square, R City Commercial, R Mall, Luxuria and Euphoria in Pune, Swastik Park, Subodh Park, Runwal Classique, Runwal Residency, Runwal Park, to name a few. Runwal Symphony and Runwal Anthurium are on the anvil. The Group is also working on the Dharavi project.
Talking about the changes in the real estate industry, Sandeep Runwal says, "The sector has changed drastically. Earlier you could just build anything but now the focus of the market is highly
consumer driven. Earlier it was small projects, now we have mega projects. And the infrastructure requirements to sustain growth require tremendous planning to meet the gap. The customer too has become smart and aware."
Having transformed the real estate scenario in Mumbai with their people-oriented approach, Runwal Group was one of the pioneers to establish the concept of a Mall in India, by being the first to launch the highly successful R-Mall at Mulund followed by many other commercial landmarks. The newly launched R City mall at Ghatkopar is the most recent addition.
Mr. Sandeep Runwal, Chief Executive Officer, Runwal Group says, "Our plan is not to build just a shopping mall, but a landmark destination for the people of Mumbai and its visitors. The trend will now be towards creating regional shopping destinations. We have received an overwhelming response. This mall has been built with the involvement of experts brought in from across the world. We are very happy to present a very different and pathbreaking retail experience for all visitors, especially for the locals. By employing over 1000 people, it will also be a boost for local employment at various levels. The fact that we not only build the mall but also manage it, lends a continuity factor and an attraction for leading brands as tenants," he added.
The Runwal Group also aims at contributing positively to society and to social development. The Runwal family has instituted and is sustaining many educational and community welfare projects like, a college at Dhule (Maharashtra) and a high school serving 2000 children at Jalgaon. A massive rest house has been built in Chembur for the Jain community. A pathological laboratory at Ghatkopar, a special sanatorium at Malad for those undergoing treatment have also been built. A special Jain temple is also being built at Thane, where the family is also giving shape to a school project. The Group is soon starting a Jain Girls Hostel at Thane, with hostel facilities for around 80 girls.
The amount of planning and affordable rates is what the Runwal Group believes to be is their forte. His advice to buyers is that they should always check the reputation of the developer. "It is very important to study the track record of the builder before you buy into a project," he adds.
With a bagful of key projects on the anvil, the Runwal Group continues to serve the demand of the housing sector in Mumbai and slowly exploring the terrain beyond.

( Times Property )

Vrindavan

S G Estates

Jain Housing's Jains Cedar Point

Mahindra Projects

Hansa Estates

Mantri Synergy

Sukhraj Nahar of Nahar Group

Sukhraj Nahar believes in achieving a fine balance between aesthetic value and quality of his projects.

At the age of 16, Sukhraj Nahar came to Mumbai to pursue his ambition of creating landmark structures. "I always wanted to make homes for people, even when I was a child. It was a dream," he shares. In a short period he successfully built Nahar Group, which today ranks amongst the leading real estate developers in the country.
In the last four decades, Nahar Group has built approximately 10 million square feet of residential and commercial projects. Chairman Sukhraj Nahar's vision has enabled him to take a view that is beyond bricks and mortar.
Starting with his first residential project, Dimple Apartments, in Santacruz, Nahar Group has created several landmarks, such as Shah and Nahar Industrial Estates in Worli and Lower Parel, Nahar and Seth Industrial Estates in Bhandup and Chakala, Nilgiri Industrial Estate in Sewri, and residential projects like Vrindavan and Vindhyachal in Bandra, Everest and Mount in Andheri.
He then extended operations to Ahmedabad and Pune where he has built some of the finest residential apartments.
Sukhraj Nahar not only conceptualised mini-townships in Mumbai but also developed one at Mulund, Sarvodaya Nagar where currently 1,500 families stay, enjoying a host of amenities including a Sarvodaya Jain temple. "We are constructing two more towers called Sarvodaya Heights in Sarvodaya Nagar," he says.
The Group's current focus is on establishing their dream project 'Nahar's Amrit Shakti'. Designed by architect Hafeez Contractor, and landscaped by Belt Collins & Taib Landscape Studio, Nahar's Amrit Shakti is being developed at Chandivali near Powai over 100 acres. Conveniently located and easily accessible from the eastern as well as western express highway, the project is in close proximity of airport, commercial hubs and proposed metro rail stations. He says, "We have received an overwhelming response for the new projects at Nahar's Amrit Shakti wherein 640 2-BHK flats were sold within a month. Many NRIs have invested in this project." The Group has also completed a recent project at Walkeshwar called Nahar Panorama.
The Nahar Group practises their four-fold belief - superior quality across all product and service parameters, value based offerings, a people-centric and customer delight approach and maintaining the trust of patrons. "I believe in meeting every customer personally and listening to his needs. The customer is the real teacher and we take his feedback seriously. It was because of our customers who wanted compact flats that we changed our product keeping the amenities intact and launched 2 BHK flats at Nahar's Amrit Shakti.”

But Nahar also feels that customer preference has changed. "Initially the customer was just looking for a house but today he is selective. He is equally interested in the amenities, landscape, and location. The customer is clear and careful about what he buys."
A very transparent human being, Sukhraj Nahar believes in clarity of thought, which even reflects through all his projects. "We work hard on bringing quality projects and share a transparent relationship with customers. There is nothing hidden. What you see is what you get." His suggestion to buyers is that this is the right time to buy. "TDR rates are going up but yet builders have not increased their prices. The rates have stabilised so those postponing their decision to buy should re-consider."
Under his leadership, the Group has earned prestigious awards for its domain expertise, management practices and corporate social responsibilities. These include the Township Award at Pan-India level in 2007 instituted by Times Glory, Award for the Best Garden by Municipal Corporation of Greater Mumbai, Excellence In Innovative Marketing Award from MCHI, Project of the Year Award, and the recent Star Builder Award among others.
Besides opening and running six primary schools in rural areas of Rajasthan, he has set up medical research centres in Bhinmal and Ahmedabad. Religious by nature Nahar has constructed Jain temples in Mumbai and Rajasthan. For his immense contribution to social causes and community welfare, Sukhraj Nahar has been honoured with numerous awards including the prestigious Mahavir & Mahatma Award by the Times of India Group and Hindi Bhashi Achievers' Award instituted by Navbharat Times. Vilasrao Deshmukh, former Chief Minister, honoured Mr. Nahar with a special award for valuable assistance rendered to the Municipal Corporation of Greater Mumbai in dealing with the unprecedented floods in Mumbai on 26/27th July 2005.

The success story of Nahar Group is one of entrepreneurship and vision, without forgetting the underlying principles of social justice and community care.

Swapnalok Tower

Joint loan and tax benefits

In case both husband and wife are working or have separate sources of income, they can go in for a joint loan, says Times Property Team

While purchasing property, you can opt for a joint loan with your spouse. In case both husband and wife are working or have separate sources of income, they can go in for a joint loan.This way the loan amount also increases. Under the Income Tax Act, tax benefits are available on home loans and the interest paid on them.In case of joint loans also, all the co-borrowers can get tax benefits. A bit of documentation and planning can go a long way in avoiding hassles at a later stage. You can also take the maximum advantage of the available tax provisions and benefits.
It needs to be ensured that both should be co-owners of the property. A co-owner of a house must be a coborrower as well.It is essential for a coborrower to be a coowner in order to claim tax benefits. You cannot get tax benefits if you are only a coborrower and not a co-owner.
Co-borrowers, who are also co-owners, are eligible for the tax rebate in the proportion to their share in the loan. The repayment capacity of each spouse will be taken into account while arriving at the share of the loan. The shares of the loan may be in any ratio. The tax benefits would be shared in that proportion only. You have to specify the share of the property and other loan details on a stamp paper.
In case a husband and wife pay Rs 1 lakh as interest and Rs 25,000 as principal, each has an equal share in the borrowing, and each can claim Rs 50,000 towards interest and Rs 12,500 towards principal in their respective income tax returns. The maximum tax deduction for a single borrower is Rs 1.5 lakhs. This deduction would apply to each borrower.
In case one of the co-owners does not have any income, the other co-owner should enter into an agreement with the spouse. The agreement should state that the entire repayment is met by only one borrower’s income. This would ensure that the main applicant will have 100% beneficial home ownership, and consequently, he can avail all the tax benefits applicable to a single borrower.
As far as repayment of the loan is concerned, it may be repaid from a joint bank account, where both the husband and wife share funds. Another option, although less popular, would be to share out the EMIs between the husband and wife, and both issue a specified number of cheques towards the loan repayment. It would need to be ensured that the repayment of the loan is
made in the same ratio as the joint borrowing. Further, each of the borrowers should have a demonstrable source of income to justify the repayment of loan.
Each borrower needs a copy of a borrower’s certificate.It has to be provided to claim their respective tax relief. A co-borrower should enter into a simple agreement with the spouse on stamp paper of Rs 100.
This agreement should basically contain the shares of the ownership along with that of the home loan availed by the couple.
The borrowers should take two copies of the interest and principal paid certificates from the bank and each can submit a copy of the certificates along with a copy of the agreement signed between them.

Modi Properties Mayflower Height

Choose Schemes That Suit You

Banks offer a variety of home loans. Home purchase loan, home improvement loan, home extension loan, land purchase loan, home conversion loan, bridge loan and balance transfer loan are some flavours.

Depending on your requirement, you can avail any of these loans. To make their products attractive, some lenders package freebies with their products like free property or accident insurance, waiver of prepayment penalty and so on.
Lenders offer a plethora of options for the prospective homeowners. You can choose from numerous schemes that suit your financial needs, age and risk appetite. Fixed, floating, hybrid, step-up , step-down - they are aplenty.

FIXED OR FLOATING?

The first dilemma that pins a borrower down is the choice between fixed and floating rates. In case of fixed rate of interest, the rate of interest remains unchanged for the entire duration of the loan.
This means you do not benefit, even if rates of interest drop in the market. On the brighter side, you won't have to shell out a penny more, even if rates are moving up. Ideal choice that it may appear, it has its own drawbacks.
They come with a reset clause that empowers banks to increase the rate of even a fixed rate loan. Further, these are a few points more expensive than a floating rate loan.
Floating rate of interest fluctuates in sync with the market lending rates. The borrower can end up paying more than he budgeted for, if the lending rate goes up. Floating rates are for borrowers who can anticipate rate fluctuations and stay calm in turbulent times.

HYBRID LOAN

This is a combination of both - fixed as well as floating rates. It is sometimes referred to as partly fixed, partly floating home loan. Under this scheme, a part of your loan is locked under fixed and the remaining is exposed to the adjustable rate of interest - the floating rate. The borrower can decide what percentage he wants to expose to fluctuations in rate and what percentage must be locked as fixed.

STEP-UP LOAN

This is a flexible, innovative product designed specially for young borrowers. It offers varying equated monthly installments (EMIs) spread over the loan's tenure. During the initial years of the tenure of the stepup loan, the EMIs are small. This makes the loan affordable for the young workforce that has started making money and holds tremendous growth prospects.
As the years roll by, the EMI outflow increases. It is assumed that the borrower will grow up the corporate ladder, get promotions and earn high increments. Hence, though EMI increases with time , it remains affordable for the borrower.

STEP-DOWN LOAN

• In case of a step down loan, the EMIs are huge initially. It is meant for borrowers close to their retirement years. These borrowers are at the peak of their earning potential. However, once they retire their earnings shrink.

• In alignment with their earning capacity, their EMI installments come tumbling down.

• In a stepdown loan, the burden of EMIs drops with time.

• Hybrid loans are a safe option for borrowers, as they offer dual benefit of fixed rate loans as well as floating rate loans. The scheme minimises the impact of any adverse changes in the interest rates. At the same time , the borrower can benefit from any favourable changes in the market.

• Weigh your options well and pick a scheme.

Soham Group

Bakeri -Sulay

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