Published by Ravi Damodaran December 30th, 2006
in City Scape, City Trends and NRI corner.
Rudrapur is a developing industrial hub in Uttaranchal where the Samiah group has planned to give the people a taste of world -class lifestyle options by developing the NRI Lake City.
The saga of Rudrapur
Rudrapur is situated at the heart of the Tarai Region where people from all religions and profession reside. According to historians, centuries ago village Rudrapur was established by a devotee of Lord Rudra a Hindu tribal chief. Rudrapur today falls under the district that is named in memory of Late Shri Udham Singh who was a great freedom fighter and killed General Dyer who was responsible for the brutal Jalianwala Bagh massacre. The district is also the ‘Gateway’ to Kumaon hills, famous haunts of Jim Corbett and the setting for his book ‘Man eaters of Kumaon’
Location
The district is situated at 28 degree South East, 30 degree North latitude, 78 degree and 81 degree East longitude of Kumaon. Nainital is to the North, while Bijnor, Moradabad, and Rampur are to West, Bareilly, Pilibhit to south and district Champawat is in the East of this district. To the South East lies the border of Nepal. Reserve forest area delineating the borders of Nainital and Champawat Districts. Potable water is available here at a depth of 10 to 20 meters. Due to its special geographical topography the district leads in agriculture production in India. The total area of the district is 3055 square kilometres, which is divided into 7 tehsils.
Lake City
NRI lake city offers the most breathtaking experience of living in the most exhilarating landscaped township in the midst of the exotic beauty of Uttaranchal. Located at the foothills of Shivalik range in Uttranchal state, NRI Lake -City Rudrapur is expected to be an oasis in the midst of rapid industrialisation.
Published by Newsroom December 30th, 2006
in Newsbytes.
What is the first thing non-resident Gujaratis (NRG), whether UK or USA-based non-resident doing when they set foot in Gujarat? Like Prakash Patel, who after he setting foot in Bardoli, barely a fortnight ago, invested Rs. 35-lakhs in a Radha Baug plot of land.
Ditto goes for New Jersey, USA-based Bhagubhai Patel, who couldn’t resist the temptation of picking up a residential plot at Bardoli’s Sona Park, during a recent visit.
This unprecedented interest shown by NRGs in realty back home, has many a real estate developer, even in dusty Saurashtra towns of Rajkot and Jamnagar, not just designing exclusive schemes, but also setting up overseas marketing offices to woo the deep-pocketed Diaspora.
“Given the large number of queries we have been receiving from NRGs, we decided to launch exclusive housing schemes in upmarket areas,� explains Kishore Kotecha of Rajkot-based DK Group, who has conceptualised ‘NRGs Only’ schemes in Jamnagar and Rajkot.
While Kotecha, who has marketing offices in Middlesex and Leicester, claims the Rajkot scheme is already ‘house full’, the Jamnagar one is 50% booked up.
Published by Newsroom December 29th, 2006
in City Trends and Newsbytes.
Rentals for legal commercial properties in New
Delhi and its suburbs have risen following the drive by the
Delhi Municipal Corporation to seal illegal constructions.
Â
During the last six months, rentals have increased by 20-30% according to real estate services firm Jones Lang LaSalle.
Rentals in the SBD have appreciated from Rs.150 per sq.ft per month to Rs. 180 per sq.ft per month, while rentals in
Gurgaon have risen from Rs.55 per sq.ft per month to Rs.70 per sq.ft per month.
Jones Lang La Salle expects that the sealing drive will continue to drive up real estate and rental prices in
Delhi and its suburbs as there is no quick fix on expanding the legitimate supply.
Source :
www.inrnews.com
Published by Newsroom December 29th, 2006
in City Scape and Newsbytes.
The best time to invest in any market is at the initial stage when the pricing is still low. This rule applies to all investment avenues. Once the market gathers momentum and prices start upward spiral, scope for benefiting from that increase reduces in direct proportion.
This has resulted in a quandary, which is faced by most property investors today. Property prices have been rocketing sky high over the past few years in all metros. Even rates at prime locations in Tier II cities like
Pune are rapidly rising beyond the reach of individual investors.
The solution is simple, follow the experts. ITES-BPO sector companies are increasingly targeting Tier III cities like Nashik precisely because of these price constraints, so why not follow their example? After all, Nashik offers all the benefits that a property investor looks for. The city has been insulated from the sharp upswing in prices till date, but now stands on the verge of a property boom that could well rival
Pune's performance over the past five years, so the timing is perfect at present.
Published by Ravi Damodaran December 29th, 2006
in City Scape and City Trends.
Even as far as 30 years ago a UN expert committee had stated that the way to decongest urban concentration was by reversing the tend of people moving to urban centres; through long term planning and infrastructure development to drive the population towards the less congested rural areas where land and cost of living is less expensive and where the air, living conditions and hygiene are healthier. Within cities it felt that if people resided near their place of work and children went to schools and colleges nearer home, roads would be more free and easy to negotiate. Conversely people could relocate to residential accommodation closer to their places of work.
If urban/rural planning and development over the years could not achieve this, a combination of IT, ITES, BPO and private developers spurred in to competition by FDI in real estate seems poised to achieve the utopian dream.
Today as a result of private initiative and growth of the industries mentioned this is happening without government intervention. The latest example is an IT Park and township near Madurai. RR Industries which was extensively covered both in an interview and write up in this website recently for IT Parks in Ambattur and Guindy Industrial Estates at
Chennai, is leading this initiative.
There are an estimated 25,000 natives from Madurai and surrounding towns working in
Bangalore,
Chennai and
Hyderabad alone – many more may be in Northern and Western regions of India. These workers would mostly like to return if job opportunities are available closer to their homes. For the industry itself land, infrastructure and housing values being lower can operate at lower costs.
