Raheja Developers: Wilderness Days - True jungle stories as never tol...

Raheja Developers: Wilderness Days - True jungle stories as never tol...: Congratulations! a new tiger reserve is born. The National Tiger Conservation Authority has given in-principal approval to deve...

Wilderness Days - True jungle stories as never told before...

Congratulations! a new tiger reserve is born.

The National Tiger Conservation Authority has given in-principal approval to develop the Mukundra Hills region near Kota as a full-fledged national park!
An erstwhile hunting reserve of the Maharaja of Kota, it is a thickly forested sanctuary on the southeastern border of Kota.

Discover more this Saturday by tuning in to your favorite program ‘WILDERNESS DAYS’ (Saturday, 23rd February) on DD National at 11 am , and also invite your friends to join you from anywhere in the world via DD India every Saturday /Sunday.

And on your return leg visit the Nal Sarovar Bird Sanctuary, consisting primarily of a huge lake and ambient marshes, it is situated about 64 km to the west of Ahmedabad. Mainly inhabited by migratory birds in winter and spring, it is the largest wetland bird sanctuary in Gujarat, and one of the largest in India. Between November and February, this 123 km2 lake, is home to vast flocks of indigenous and migratory birds.

Electronic Media

ZEE NEWS : 19th February 2013

NDTV PROFIT :20th February 2013

Photo: Wilderness Days - True jungle stories as never told before...

Most likely you have never heard of this wildlife spot before. It is the Harike Wetland also known as "Hari-ke-Pattan" bird sanctuary. It is the largest wetland in northern India, with the Harike Lake in the deeper part of it, in the Tarn Taran Sahib district of Punjab. Normally, one does not associate Punjab with wildlife. But hidden away in this colourful state is this wildlife jewel and people who visit it often swear that Harike is every bit as beautiful and charming as the well-known Bharatpur bird sanctuary of Rajasthan. 

Join us tomorrow for a journey to this little known bird haven by tuning in to your favorite program ‘WILDERNESS DAYS’ tomorrow (Saturday, 16th  February) on DD National  at 11 am , and also invite your friends to join you from anywhere in the world via DD India every Saturday /Sunday.

Construction update of Raheja Projects : February 2013

SOHNA MASTER PLAN WILL BOOST REALTY MARKET

With the approval of the Gurgaon-Sohna Master Plan, 2031, several residential, commercial and industrial projects are expected to be launched here in the near future. PUNITA writes

 

 The Haryana government has notified the Gurgaon-Sohna Master Plan, 2031, which is expected to streamline and regulate the burgeoning real estate market of Gurgaon. With the approval of this new master plan several residential, commercial and industrial projects are expected to be launched here in the near future. More than 20 new sectors have been notified in the new master plan.
    The new master plan for Sohna has sanctioned the development of 6,110 hectares, which would have a density of 300 people per hectare; the plan has been prepared for a projected population of 6 lakh people by 2031.
    Over 28% of the area would be developed for residential sectors while 20% has been earmarked for industrial purpose. The 1,483km-long Delhi-Mumbai Industrial Corridor (DMIC) is located close to this place and this mega infrastructural project along with its industrial estates, along with the KMP corridor, will add to the value of investments here.
    To provide fast connectivity from Delhi and Faridabad, a 150metre-wide Gurgaon Extension Road has been proposed in the new master plan. The proposed road will directly connect to the existing Golf Course Extension Road, from Sectors 63 and 64.
    Under the new master plan, 2,600 acres has been reserved for green and open spaces and 5,000 acres for residential and commercial development in over 20 sectors. Apart from this, 1,600 acres is to be developed for an IMT (Industrial Model Township) by the Haryana State Industrial and Infrastructure Development Corporation Ltd (HSIIDC).
    After the approval of new master plan, developers and promoters have started acquiring land banks in the area and those with SEZs (special economic zones) are mulling land-use change after the notification.
Impact of new master plan
    Experts believe that the Gurgaon-Sohna realty market will be an independent market and that it will not be affected by price movements and absorption of projects located along Dwarka-Gurgaon Expressway or Golf Course Extension Road. For example, group-housing projects on Golf Course Extension Road are priced over Rs 10,000-12,500 per sq ft but the rates on Gurgaon-Sohna Road are still around 4,500-6,500 per sq ft.
    The Sohna market is expected to cater to the affordable segment; the townships with group-housing and plotted developments are likely to be available in the price band of Rs 3,500-4,000 sq ft.
Why invest in Gurgaon-Sohna region
    This area has great connectivity and prospects with the proposed 1,483km-long DMIC, new Metro linkages, and the forthcoming KMP bypass coming up in the vicinity. Also the place is in close proximity to the main city which is a leisure hub, a leather hub, a sports hub. Other facilities close to the developing sectors of the Sohna master plan include Westin Sohna Resort, GD Goenka World School, KR Mangalam University, and Ascendas's IT & ITeS project. MMTCPAMP SA gold and silver refining is located at the Roj Ka Meo industrial estate near Sohna.
    Top developers like Raheja Developers, Gold Souk, IREO, Central Park, Tata Reality, Godrej, MVL, Universal, ILD, Avlon, Parsvnath, Paras and Homestead are planning to launch new projects here.
    Raheja Developers has launched Raheja Aranya City in Sectors 11 and 14; these is a plotted-development project. Raheja Aranya City is an integrated township close to IMT Sohna, where a 1,700-acre industrial estate is planned by the Haryana government.
    Navin Raheja, the CMD of Raheja Developers, says: "The new sectors of Sohna will definitely enhance the prospects of Aranya City as a residential and retail destination for the thousands of people who will get jobs there. The value of the investments is likely to multiply appreciably once this industrial estate is up and running. With the sanction of the new sectors, real estate activity as a whole will see heightened activity."
    Gold Souk, another realty player in the area, is planning to launch Gold Souk Golf Links, a premium highrise project that offers units of 1,250-2,350 sq ft at Rs 5,000 per sq ft.
    Ashish Gupta, the MD of Gold Souk, says: "Our forthcoming projects are located on the proposed 150-metre Gurgaon Extension Road and along the two sides of the 60-metre roads of Sectors 17 and 25."
Realty market of Gurgaon-Sohna Road
    Gurgaon-Sohna Road is one of the fastest growing stretches in Gurgaon's realty market. The area is being talked about as the city's next big site for commercial and residential development in the next few years, as some of the biggest names in the real estate business have launched projects here.
    Gurgaon-Sohna Road is easily accessibility from NH-8, the IGI Airport, Golf Course Road, Delhi and other NCR regions; it also has good connectivity with the soon-to-be launched KMP highway. Also, Southern Peripheral Road is close to the established residential corridor of Sohna Road. Thus, it is no wonder that several realty projects have come up on this stretch, with several more under construction. This particular stretch has seen a huge demand in the last couple of months by investors from all over the NCR, and elsewhere too. The rate of appreciation of property on Gurgaon-Sohna Road is expected to reach 18-20% in the near future.
    Unitech Group has a number of projects like Uniworld Garden 2, South Park, South City 2, Unitech Sunbreeze, Unitech Vistas, Nirvana Country 2 and the Residence along the main Gurgaon-Sohna Road. Unitech's South Park in Sector 70 is well connected to NH-8 and Golf Course Extension Road and adjacent to the proposed Metro line.
    CHD Group's CHD Avenue 71 is Located on a 60-metre-wide sector Road (bisecting Sectors 71 and 72A); this is a premium multistorey ground-plus-22-storey project on 16.5 acres and offers 3- and 4BHK apartments. Ravi Saund, the chief operating officer of CHD Group, says: "The master planning of this project has been done around the flora-rich central avenue to keep residents in touch with nature."
    Spaze Group's luxury group-housing project, Spaze Privy AT4, is in Sector 84, in close proximity to the proposed Metro station and ISBT corridor. Amit Raj Jain, the chief marketing officer of Spaze Group, says: "Sohna Road is emerging as the next realty destination in Gurgaon and is currently registering good demand, with supply keeping pace. A proof of this lies in the high number of transactions taking place in this area. Over the years, this location has become the centre of Gurgaon."
 

REVIVE HOUSING SECTOR, BOOST ECONOMY

Real estate plays an important role in the revival of the economy of a country. Naredco, in its pre-budget memorandum to the Union government, has asked for a number of measures to revive the sector, which has been languishing since 2008. PRABHAKAR SINHA writes

 

The construction and furnishing of a house involves nearly 250 sectors of the economy. Therefore, revival of the real estate sector helps in reviving the whole economy, including banking.
    At present, the contribution of this sector to the GDP is around 5-6%. But it is likely to grow to 15-20% in the next 15-20 years, if 25% growth in the sector is maintained.
    It has been established through a study by IIM, Ahmedabad, that a unit increase in the final expenditure in the housing sector is capable of generating five times additional income, and for every one rupee spent, 78 paise go to the GDP.
    Government revenue collection, according to a report by National Real Estate Development Council (Naredco), would grow as 40-50% of the housing cost is ploughed back to the government treasury through VAT, taxes and duties paid
by developers and homebuyers. This also leads to increase in capital formation.
    Cement, steel and around 250 ancillary industries, associated with housing also grow. This will also lead to doubling of employment in the sector from 10 to 20 million, in the next 10 years, if the sector grows by around 25% per annum.
    Another study by IIM, Ahmedabad, shows that 10% increase in final expenditure is capable of increasing total employment by 2.5%.
    Naredco, in its pre-budget memorandum to the ministry of housing and urban poverty alleviation, government of India, has asked for a number of measures to revive the sector, which is languishing since 2008 — the year the global economy was hit by the turmoil in banking sector.
    Besides asking for tax break, the council also demanded a change in the definition of the infrastructure facility, so that integral townships and grouphousing societies may be benefited.
    The council demanded that deduction of interest on home loans from taxable income of homebuyers should be increased from the present level of Rs 1.50 lakh to Rs 3 lakh.
    The memorandum explained that the Finance Act 2001 limited the deduction of interest on home loan taken to acquire, construct, repair, renew or reconstruct houses, in the case of owner-occupied houses, to Rs 1.50 lakh. Before April 1, 2002, deduction used to be entire interest payable.
    Indexed cost of Rs. 1.50 lakh interest relief in 2002, as per Cost Inflation Index (CII) notified by the central government, will be Rs 2.64 lakh (1.75 times) in 2011-2012. At the same time, indexed cost of a property costing Rs 20 lakh in 2002-2003 will be Rs 35.12 lakh (1.75 times) in 2011-2012.
    In view of the above, the council argued that there is a clear case for increasing the deduction limit of home loan
interest from Rs 1.5 lakh to Rs 2.75 lakh, at least. With priority sector lending raised to Rs 25 lakh, it is recommended that deduction of interest on home loans under Section 24 of IT Act 1961 be increased to Rs 3 lakh.
    Naredco has also suggested that the deduction on account of interest payment available under Section 24 should be made applicable from the year in which capital was borrowed. Also, three years period for acquisition or completion from the year of borrowing should be dispensed with. This will provide impetus to the housing sector, which is reeling under huge housing shortage, the council said.
    Section 80C allows a deduction of up to Rs 1 lakh from the annual income on consolidated payments or deposits specified in sub-section (2), which includes payments on purchase or construction of a residential house property through instalment or part payments or repayment of amount borrowed from government or banks, and stamp duty, registration fee and other expenses for the purpose of transfer.
    As sub-section (2) caters for payments on account of numerous essential savings such as pension, provident fund, insurance, etc, there is none or very little scope left under this section to accommodate payments of principal amount borrowed for purchase or construction of a residential house. Therefore, Naredco suggests that the ceiling of Rs 1 lakh under section 80C be increased to Rs 2 lakh and Rs 1 lakh out of it be exclusively reserved for payment of principal borrowed for the purchase of a residential house. This will help in boosting housing stock, the council says.
    At present, capital gain arising from transfer of any capital asset including a house is exempt from tax in cases where the sale proceeds are invested in acquiring one residential house. Such a restriction, Naredco said, is a deterrent to the object of boosting the housing sector, and needs to be removed. Thus, the memorandum demands the restriction be removed and the scope broadened by allowing the exemption, as long as the entire capital gain is invested, in one or more houses.
    Naredco argues that in view of the housing shortage in the country and the avowed objective of the government, ‘Shelter for All’, and in view of the fact that not all can afford ownership housing, we need to give a big boost to ‘rental housing’. In order to boost the housing sector so that housing for the purpose of renting out is available, Naredco suggested a number of measures:
    a) It proposes that income from renting of housing properties be taxed at a flat rate of 10%.
    b) Provision of rental housing on a large scale will require the services of property management firms. In order to make property management a viable activity, income of firms which are wholly engaged in maintenance or repair and other specified management services for rental housing blocks may be brought within the ambit of Section 80 IB (10) and Section 10 (23G).
    c) High cost of houses and high property taxes lead to a low rate of return (ROR) from rental housing making renting out an un-remunerative proposition. To improve the effective ROR from renting, it is suggested that the deduction from rental income under Section 24(a) be increased from 30% to 50%. This will promote rental housing. For women, the Pre-Budget Memorandum 2012-2013 suggests the deduction could be 100%,keeping social requirements and empowerment of women in view.
    Naredco wants a deduction in tax on rental income and wants it to be reduced to 7.5% in case of individuals and HUFs and 10% in other cases. This will also reduce the workload of the income tax department in processing the refund applications.
    Further it has suggested that deduction of 40% of profit derived from business of providing long-term housing finance, as applicable before 2007 Budget, should be reintroduced. This will improve the thin margins of HFCs and increase their lendable resources. It has suggested that the provision of Section 36 (i) vii a should be extended to housing finance companies like it has been done for banks, and all the bad debts should be considered for deduction on provisions made and interest derecognised as per the regulators’ directions. These measures will go a long way in sustaining growth in the housing sector.

Wilderness Days - True jungle stories as never told before...

 Some say it is the “Most complete Desert on Earth” – for others, it is the largest salt desert in the world. This is the GREAT RANN of KUTCH in Gujarat spread over more than 7500 sq.kms.



The word ‘rann’ is derived from the Vedic word ‘irin’ meaning desert and finds mention in the Rigveda and Mahabharata. This used to be a navigable lake, today it is a huge saline marshland.
Though sauntering Wild Ass is not everybody’s idea of wildlife – but we must look beyond and discover our hidden jewels, welcome to the ‘City of Flamingos’ and the 10 lakh migratory birds who visit here, not to miss the Dinosaur fossils!

 Do tune in to your favorite program ‘WILDERNESS DAYS’ tomorrow (Saturday, 9th  February) on DD National  at 11 am , and also invite your friends to join you from anywhere in the world via DD India every Saturday /Sunday.

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