Dreamz Offering free farm land with every purchase of flat

Dreamz Infra has established itself as the mother of affordable housing in Bangalore. The company has been relentlessly making endeavours to sell flats and apartments at the prices within the reach of everyone. This time the company has few apartments in the almost completed projects. They are at the best of locations and have all the luxury amenities that one can expect. Dreamz Sneh at Marathahalli, Dreamz Samhita at J P Nagar, Dreamz Sangam at Silk Board, Dreamz Sampoorna at Electronic City, Dreamz Sumadhur at Vidyaranyapura, Dreamz Sai Sagar at J P Nagar and few more projects have almost completed the construction. Apart from these there are other under construction projects also.

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But there is a surprise that Dreamz Infra has brought to you this time. That is,the company is offering free farm plots worth Rs. 4 lakhs free of cost along with the bookings of these flats in Bangalore. This is the charm of this short timed mega offer, claims the company. The company sources say that there are free site visits along with home loan assistance from the company’s side. There is other assistance also if the customer needs and so there is a great rush after the news of the offer is circulated. The company is following the principle, first come first served and there are too much of rush. So people who wants to avail such an opportunity have to be quick. One more last word but not the least is that there is no reason to think that the flats are priced high and the prices of the farm lands are included in it. Practically speaking the company is in to mass sale and hence can afford it. The flats for sale are even 40 percent lesser than the market rates and bears the hallmark of Dreamz Infra pricing. But over and above that you would get a farm land free. So if this is not an opportunity for the customers, then what is it, asks the company sources. So, dear home shoppers, be quick in your investigate and quickly grab the opportunity if you feel it is worth it.

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Book a flat at great discounted prices and bring joy to your family

The first week of April 2016 is already on and at the occasion of Ugadi, flats at discounted prices are on offer till 10th of April. You must be wondering what offer we are talking of and who is giving the offer. The offer for flats at an additional 30 percent discount is offered by the mother of affordable housing in Bangalore, Dreamz Infra.

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The prices of Dreamz Infra is already low and the company says that it is hard to find the flats at the prices the company sells the flats. But not with standing all these facts the company sells apartments at various places of the city at additional discounted prices as a New Year offer of Ugadi. There are flats and apartments at the best of places and most sought after areas of the city like Electronic City, Silk Board, J P Nagar, Marathahalli, Sarjapura Road and HSR Layout.

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The flats and the apartments are all loaded with the best of the amenities like swimming pool, gymnasium, child’s play area, elevator, power backup and many more. This means that there is no compromise in the quality of the apartments and flats in bangalore that are being sold by the company. Dreamz GK is an ISO 9001 certified company with quality checks at every process of the company, says the sources from Dreamz GK. The company also offers service warranty and property management services. Speaking about the offer, the company proclaims, it is till 10th of April and the customers need to be quick.What are you waiting for? Just dial the number and go for a site visit, we are sure you will like the apartments built by the company. One last word, the company also assists you in procuring loans and other matters like background checks and legal counselling.

Rupee depreciation hurts infra returns, reviews suggest Equity exits painfull

The depreciating rupee may have helped improve property sales to NRI buyers, but it isn’t helping the saviour of real estate developers — private equity firms — which are not only stuck with their earlier investments, but can’t raise fresh funds either.

Indian currency’s record depreciation against the greenback and weak property market have restricted realty private equity offshore funds’ fresh fund raising efforts as well as trapped their earlier investments since FDI gates were opened in 2005. The rupee has depreciated nearly 27 per cent since April 1 to touch a record low of Rs 68.63 against the dollar on August 28. Over the past two years, when most of these exits were being planned, the currency has slipped 46 per cent to touch this level.

It has almost wiped out foreign private equity funds’ meager returns from real estate, and any exit now will lead to at least 25-30 per cent loss in dollar terms. “The environment for raising fund from overseas investors is not very conducive. Offshore funds that have invested during the last few years when the US dollar was quoting at Rs 42-52 will find it challenging to offer good returns now because of the fall of the rupee and weak underlying market,” says S Srinivasan, CEO at Kotak Realty Fund.

Investments made in Indian real estate sector are cumulatively estimated to be around $15 billion since foreign direct investments were allowed in the sector. Around 20 per cent of this was expected to get an exit in the past two years, but seems a distinct possibility now. Private equity firms with offshore funds are in a state of flux not only because of their stuck investments and delay in project completions, but are also concerned about not being able to raise fresh funds in the current scenario.

“Most capital in Indian real estate was invested at the exchange rate of around Rs 40 to a dollar with the expectation of 25 per cent returns. The current phase of currency depreciation would impact the real estate sector adversely as foreign investors would wait for the full cycle to play out and exchange rate to settle down before taking any fresh investment calls,” says Rajeev Bairathi, executive director, capital transaction group and north India, Knight Frank India.

Most real estate funds that have invested at dollar rate of around Rs 40-45 are likely to get an exit after these seven years at more than Rs 60, which is a loss of around 30 per cent in the currency itself. Moreover, most assets, given the weak property market, have not seen any major appreciation.

“Although rupee has depreciated a lot since these funds invested in projects and is showing no signs of returning to 2006-07 levels. As funds are coming to an expiry and savvy investors are likely to press for exit even at a loss as they are aware that most currencies globally are also following a similar trend,” says Ramesh Jogani, Managing Partner of private equity realty firm Indian Property Advisors. According to him, several funds that have already tried to exit their investments in the past two years and have had little success, may not be able to hold on to their assets for long in anticipation of the dollar-rupee parity reverting to its Rs 45 level.

Private equity investment in Indian real estate nose-dived in the first half of 2013. For the first six months this year, real estate private equity investments were recorded at $276 million (Rs 1,638 crore), 46 per cent lower than a year ago. Private equity funds invested $514 million (Rs 3,050 crore) in the first half of 2012, says a recent report of Cushman & Wakefield, an international property consulting firm.

Bhairathi of Knight Frank does not expect significant foreign capital to flow into the country until the macro environment stabilizes. “This in our view would take at least another two to three quarters and the next general election might offer major triggers for the capital flow to resume. Till such time, it would be extremely difficult to raise fresh offshore funds. Further, the disbursement of capital on the already announced deals might be put on hold till stability returns,” Bhairathi says.

While many experts are concerned about the probable exits at losses and their impact on further fund raising activity, there are some who differ. “In rupee terms, returns are still good. A fund or fund manager cannot be held responsible for currency risk and most seasoned investors usually hedge their position on their own. As an after effect, the sharp depreciation in rupee is likely to result in increasing these hedging costs incurred by investors at their end,” says Shobhit Agarwal, MD, capital markets, Jones Lang LaSalle. Agarwal accepts that the rupee depreciation will impact the fund raising efforts as investors’ investment allocations will change hereon. But, he is also hopeful that it will not stop the capital flow completely.

Private equity deals, given their structure and longer tenure, are not covered through any hedges and this leaves room for sharp impact of currency risk on exits. “In the past five years, currency has depreciated by 3-4 per cent compounded annually depending on tenure of the fund. There will be cases where funds will put exits on hold and wait for rupee to appreciate for better returns,” says Amit Bhagat, CEO and MD, ASK Property Investment Advisers. The 2013 fall is not a sustainable phenomenon and is a matter of concern, but it is not a long term event, he says.

Source: economictimes.indiatimes.com/markets/real-estate/realty-trends

How Real Estate Brands can leverage Buyers and Developers Confidence

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Moving away from a scenario where buyers needed to negotiate their deals with mostly unorganized companies against the backdrop of an unregulated environment, the situation is now set to change as most builders are taking up brand-building as a serious task.
With builders gradually recognizing the need to have a strong brand value and enhance customers’ overall experience, buyers could now look forward to superior quality of construction, internal and external amenities, facility management services and post-possession services, among other things.
On the other hand, developers believe that brand-building will help them garner better pricing from the market participants, given the rising interest from private equity funds, unorganized companies considering joint development agreements and Reits (real estate investment trusts) being relaunched.
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What’s for the buyers?
Given the fiercely competitive scenario among real estate developers in India, brand perception becomes a critical yardstick for potential investors, evaluating options in the Indian realty space.
Better services: Many leading developers have moved away from the traditional set-up, where a single sales/marketing team manages multiple functions and have created different teams within the overall sales and marketing gamut. For instance, on-site teams manage the initial booking formalities. Once the customer completes all the formalities, he is assigned a dedicated customer relations manager, who looks into the rest of the formalities, ranging from sending demand notices to processing of payments and paperwork at the time of key hand-over.
Developers have further split the formal sourcing function into different teams, comprising property agents, specialized workforce to manage the sales outreach, non-resident Indian clients and loyalty programmers. For instance, teams handling loyalty programmers interact with existing clients and seek references for expanding the customer base.
Superior construction quality and better amenities: As much of a developer’s credentials are driven by past track record, most companies keen on building a strong reputation will essentially focus on offering customers superior quality of construction and completing projects as per schedule. Additionally, buyers can also benefit from the peripheral facilities offered by developers including schools, swimming pools and clubs, among other things, all within a single gated township. In fact, most leading developer firms consider external facilities as a powerful branding tool to hard-sell their properties across several markets.
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What’s for the developers?
Benefits from premium pricing are not restricted to buyers of residential units alone.
Developers believe that carrying a strong brand image will help them negotiate deals at a higher price compared with their unorganised or lesser-known counterparts. This sharpens their competitive edge and helps enhance their market value and brand image even in the international market.
Moreover, small-sized developers that are not well-known but own plots have started entering into joint development agreements with large companies to leverage upon the established brand value and proven track record of the latter. Both benefit from better pricing of the developed land. Private equity funds are also showing strong interest in the real estate sector, across top 10 cities. Additionally, high net worth individuals and financial institutions, which are keen to invest in the Indian property market, may see an avenue in the form of Reits that the Securities and Exchange Board of India, the capital market regulator, plans to reintroduce.
The way forward
Looking ahead, as the real estate market gathers greater momentum and newer projects are launched, the brand value of developer firms could emerge as an important benchmark, driving property purchase decisions for buyers. It would help buyers access key information about the builders’ track record, quality of completed projects and overall customer satisfaction.
Source: livemint.com/Money/RLgtsaruUndTEPG5GcOvwO/How-real-estate-brands-will-help-homebuyers-and-developers.html

Bangalore Real Estate Turns Property-seeker Friendly

Acknowledging the turbulence in the economic waters of the country, the “Bangalore Real-Estate Vessel” has decided to go-with-the-flow, steering the ship in the direction of winds favoring the preferences of the mass property buyers. The city realtors are now considering the possibilities of re-quoting the prices of their developed projects at a reduced rate, as the demands for low-cost quality residential housing flood over the extensive promotions of costly high-rises towering the city.

Till now the real estate jigsaw puzzle of Bangalore was a mix-n-match of healthy residential market accounting to 30% of the city’s business, while the rest indicated the other zonal pockets displaying a higher rate chart. Compared to properties ranged within 35 – 65 lakhs, the posh walls bearing ‘crore’ painting are being less asked for by the middle-income buyers seeking to invest. Hence, in order to join the mid-segment oriented developments’ competition, the super-luxury abodes have taken a call to climb down the price ladder by almost 35% instead of clinging on the hiked digits.

These big budgeted ventures reportedly have failed to meet half of the estimated target, even with the support of promotional offers both during the pre-launch and launch stage. However, with this publicity and reduction in the market prices, these developments have reached within the access range of the common mass, with a stretched flexibility in the pricing ends. To assist the sale ramp up, Bangalore realtors are announcing the line-ups for villas and villaments within the range of 45-55 lakhs. To add to the garnishing, they are also welcoming the bites of lower booking amounts.

Lure techniques have not limited themselves till the financial boundary… Under the present circumstances, willing investors are also enjoying promising commitments from the builders in terms of quality amenities. To name a few – vitrified tile flooring replacing Italian marbles, standardized bathroom fixtures and kitchen granite tiles are the latest touch-ups.

Reference: The Times of India, Bangalore

Patterns Of Using Mixed Land For Housing Complexes Is Gaining Hype Among Property Dealers

Land regulations, complemented by unparalleled competitions has urged property dealers in metro cities to adopt mixed land use in their development pattern which enables more floor space index (FSI) along with weaving a social fabric for the locality. Bangalore, currently, is witnessing similar growth in posh areas like Koramangala, Indiranagar 100 Feet Road, Jaya Nagar, R T Nagar, Malleswaram, Richmond town and New BEL Road.

Naveen Nandwani, Director – South India, Cushman and Wakefield, highlighted that the above areas already support commercial and retail zones up to the allowed 20-30%, rest of the jigsaw puzzle being filled up by residential blocks. Their position being around the radial corridors within the city, leading to the Outer Ring Road circling Bangalore, has gained them the permission for this mix-n-match.

Under this dynamic present scenario of real estate, mixed use developments tend to bag builders’ preference, as they can help reduce the base rental and hike revenue for developers operating on a revenue share model, which also increases feasibility for retailers.

This concept seems to be a wholesome package involving retail, accommodation, entertainment and shopping, in turn diversifying the tenant profiles and thus minimizing the risks of builders’ investment.

The viability and longevity of projects have also gained an up-thrust as service apartments, hotels and office markets are adding to platter of facilities undoubtedly enjoyed by local residents.

Dreamz Infra acknowledges the trend and has planned for such development projects in near future. The main motto “Building Affordable homes” and driving force “Customer Satisfaction” for dreamz infra still remains to be on priority.

Bangalore Residential Properties following an Increased Trend

The new government with a clear majority and interest rates dropping seem to have given a boost to the Bangalore residential market. In the last couple of weeks the market has witnessed a surge in bookings, especially in the mid-segment market. What is interesting is that this surge is being driven by mid-level businessmen.

“In May alone I have been able to help book about 22 residential apartments in the Rs 60-80 lakh segment. And about 60 per cent of this has been bought by businessmen. About a couple of months back however, though this segment showed interest, they were putting off the buy,’’ state Yeshovardhanan S, a property and marketing consultant for several top builders. “I would attribute this to two factors viz, drop in interest rate and the hope of several pending contracts being approved with the establishment of the new government.’’

Given that property prices here have been relatively stable in the past few years, makes Bangalore attractive for this segment. With the IT segment not willing to open its purse strings as they used to do previously, it is this mid-segment of businessmen who are now driving the market.

“It is not that the Bangalore market is no more IT driven, but in the short term, the small and mid-segment businessmen from the manufacturing segment and other businessmen with a turnover of approximately Rs 15 crore annually, are currently opening up their purse strings,’’ observes Yellnadi Apurv, Proprietor, BLS Developers. “The expectation that ongoing projects should be completed and delivered on time has given an impetus to this segment.’’

With the Real Estate Regulatory Bill and the Land Acquisition, Rehabilitation and Resettlement Bill having been approved by the cabinet, realtors expect the Bangalore market to grow further. In fact developers predict an impressive growth in the latter half of 2013.

“A step like this that brings in more transparency and accountability into this segment is good for Brand Bangalore, in the domestic as well as in the global market,’’ observes Yeshovardhanan.

Source: The Times of India, Bangalore