Naveen Kumar Raju working for Cisco and relocated from Chennai and currently staying in Bangalore for last 2 & half years. He has booked one 3BHK flat from Dreamz Siddhi project. He got the documents of the property which has been verified by his advocate and also got a positive feedback from him. He is really a satisfied customer of Dreamz Infra. For more details visit Dream GK Infra Review video given below.
Saturday 28 December 2013
Dreamz Infra Reviews by Subrata Das
Subrata Das an employee of one of the leading MNC companies in Bangalore and settled in Bangalore for last 8 years. He is happy with the customer relationship management team for their convincing behavior and satisfactory customer service. He has booked 2 flats from Dreamz-2 project. For more details please go through Dreamz GK Infra India Limited official website.
Thursday 26 December 2013
Controlling Corruption Would Decrease Realty Prices By 20% - Part 2
In the past five years, unaffordable homes, slowing economy, and increase in interest rates increased home prices over 50-150% across various cities in India, which led to decline in home sales, rise in debt levels for builders and it was estimated that the cumulative debt of top eight listed companies was around Rs.40,000crore, which forced the Finance Minister P Chidambaram and Central Bank to announce advisory warnings to bankers and industry. A data of Liases Foras, a property research firm showed that by the end of September 2013, the unsold inventory was about 711 million Sq. Ft against the 670 million Sq. Ft. of the end of June 2013 and to clear this stock developers may need another three years.
In a recent report on dealing with construction-linked clearances by World Bank Doing Business for 2014 showed India position at 182nd place, which was the bottom-most. For an example, in Mumbai roughly around 48 approval are needed for any residential projects and developers were against the corruption involved in it and they supported Parekh regarding the same.
Lalit Kumar Jain, Chairman of Confederation of Real Estate Developers Associations of India (CREDAI) raised a question that why should a developed should approach several departments for no-objection certificates (NOC) and said the single-window clearance is solution for it and will reduce corruption and human contact. Earlier, he had opined that when the Real Estate Regulatory Bill is passed and executed, it cleanse the system. If the Bill controls the approval system, then it would reduce the time taken for approvals and the corruption associated with it as well as reduce the property price by as much as 25%.
Adding to approval system, Jain said that across many cities in the country, a developer generally needs to obtain more than 40 approvals at different stages, which involves 150 officials, which sometimes also causes delay in the completion of the project.
Niranjan Hiranandani, Managing Director of Hirananadani Group, one of the Mumbai’s major builders said that fifteen years ago, it used to take only six months to get all the approvals but now it takes 2-3 years, which basically adds financial burden on the developers.
In a recent report on dealing with construction-linked clearances by World Bank Doing Business for 2014 showed India position at 182nd place, which was the bottom-most. For an example, in Mumbai roughly around 48 approval are needed for any residential projects and developers were against the corruption involved in it and they supported Parekh regarding the same.
Lalit Kumar Jain, Chairman of Confederation of Real Estate Developers Associations of India (CREDAI) raised a question that why should a developed should approach several departments for no-objection certificates (NOC) and said the single-window clearance is solution for it and will reduce corruption and human contact. Earlier, he had opined that when the Real Estate Regulatory Bill is passed and executed, it cleanse the system. If the Bill controls the approval system, then it would reduce the time taken for approvals and the corruption associated with it as well as reduce the property price by as much as 25%.
Adding to approval system, Jain said that across many cities in the country, a developer generally needs to obtain more than 40 approvals at different stages, which involves 150 officials, which sometimes also causes delay in the completion of the project.
Niranjan Hiranandani, Managing Director of Hirananadani Group, one of the Mumbai’s major builders said that fifteen years ago, it used to take only six months to get all the approvals but now it takes 2-3 years, which basically adds financial burden on the developers.
For more articles on real estate business go through Customers' Reviews of Dreamz Infra Blogs.
Controlling Corruption Would Decrease Realty Prices By 20% - Part 1
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Blaming the wayward administrators and flawed policies for corruption in the system, Deepak Parekh, the Chairman of one of Indian’s major mortgage lenders, Housing Development Finance Corp (HDFC) said digging out corruption would reduce the home prices almost by 20%.
He also said that corruption is pervasive in the sector and the process involves a wide-range of approvals and for each approvals if the builder pays, then eventually the product would be priced at higher cost, which a buyer as to tolerate.
In regard to the startling success in the general election by Aam Aadmi Party, led by an anti-corruption activist Arvind Kejriwal who is likely to take oath as chief minister of Delhi, Parekh commented that the impetus put up for anti-corruption movement by Anna Hazare two years ago forced the Parliament to pass the anti-corruption Lokpal Bill.
While highlighting numerous occurrences of corruption, Kejriwalalso notified the link between the politics and real estate. Parekh, criticizing the paralyzed situation of the United Progressive Alliance (UPA) saidthat the system should be cleaned and also recommended the government on the problems in policies.
In regard this, it was also added that the bill to regulate the sector was introduced in Parliament by government in August.
Girija Vyas, Union Minister for Housing and Urban Poverty Alleviation (HUPA)said that the system is prevalent of corruption, which is undeniable and hence the sector is insisting for single-window clearance and online approvals.He also added that the Regulatory Bill will bring transparency and will defend the interests of all consumers and stakeholders.
Vyas also said that the Real Estate (Regulation and Development) Bill 2013 is introduced to a House standing committee and is likely to be approved in the next session of Parliament. Adding to this, Parekh said that the some of the loopholes in the policies need to be persevered that may help in stopping the corruption.
Vyas also discussed about the Urban Land Ceiling (ULC) Act, which is discarded, but still ULC approval is considered to build a complex. He said, there ULC Act does to exist but still ULC Department works as the builder should get no-objection certificate (NOC). Judges don’t want to hear ULC cases as the Act is discarded, but still land is blocked because of ULC, which exists in the courts cases even now. And, he ended this discussion saying that broken policies should be fixed.
He also stressed on the requirement of a realty supervisory body to coordinate and balance various government bodies and to provide an organized method. Further, he said that the regulatory body should be in such a way that it should augment fear in a person even while thinking of doing anything wrong as they can be reprimanded or shunned and now-a-days no one has any fear of such kind.
Parekh also recommended incentive programs for builders who come-up with affordable housing projects as it will motivate them to consider more projects of such kind and will also increase resource. He also instructed the developers to pick some tactics from previous phases and decrease the profit slightly so that they can attract more buyers to the market.
Parekh also advocated to increase Floor Space Index (FSI), infrastructure development, planning new cities, and resolving defective policies to increase the housing stock resources.
He also said that corruption is pervasive in the sector and the process involves a wide-range of approvals and for each approvals if the builder pays, then eventually the product would be priced at higher cost, which a buyer as to tolerate.
In regard to the startling success in the general election by Aam Aadmi Party, led by an anti-corruption activist Arvind Kejriwal who is likely to take oath as chief minister of Delhi, Parekh commented that the impetus put up for anti-corruption movement by Anna Hazare two years ago forced the Parliament to pass the anti-corruption Lokpal Bill.
While highlighting numerous occurrences of corruption, Kejriwalalso notified the link between the politics and real estate. Parekh, criticizing the paralyzed situation of the United Progressive Alliance (UPA) saidthat the system should be cleaned and also recommended the government on the problems in policies.
In regard this, it was also added that the bill to regulate the sector was introduced in Parliament by government in August.
Girija Vyas, Union Minister for Housing and Urban Poverty Alleviation (HUPA)said that the system is prevalent of corruption, which is undeniable and hence the sector is insisting for single-window clearance and online approvals.He also added that the Regulatory Bill will bring transparency and will defend the interests of all consumers and stakeholders.
Vyas also said that the Real Estate (Regulation and Development) Bill 2013 is introduced to a House standing committee and is likely to be approved in the next session of Parliament. Adding to this, Parekh said that the some of the loopholes in the policies need to be persevered that may help in stopping the corruption.
Vyas also discussed about the Urban Land Ceiling (ULC) Act, which is discarded, but still ULC approval is considered to build a complex. He said, there ULC Act does to exist but still ULC Department works as the builder should get no-objection certificate (NOC). Judges don’t want to hear ULC cases as the Act is discarded, but still land is blocked because of ULC, which exists in the courts cases even now. And, he ended this discussion saying that broken policies should be fixed.
He also stressed on the requirement of a realty supervisory body to coordinate and balance various government bodies and to provide an organized method. Further, he said that the regulatory body should be in such a way that it should augment fear in a person even while thinking of doing anything wrong as they can be reprimanded or shunned and now-a-days no one has any fear of such kind.
Parekh also recommended incentive programs for builders who come-up with affordable housing projects as it will motivate them to consider more projects of such kind and will also increase resource. He also instructed the developers to pick some tactics from previous phases and decrease the profit slightly so that they can attract more buyers to the market.
Parekh also advocated to increase Floor Space Index (FSI), infrastructure development, planning new cities, and resolving defective policies to increase the housing stock resources.
Please go Part 2 of the Article: http://dreamz-infra-reviews-analysis.blogspot.in/2013/12/controlling-corruption-would-decrease_26.html
Friday 20 December 2013
Dreamz Suprabhata and Dreamz Sumadhur Projects at Vidyaranyapura, Bangalore
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Dreamz Infra Pvt. Ltd., is a well-established real estate company in Bangalore. It came into being just 2 years ago, in March 2011. During a short span of 2 years, the company has grown into leaps and bounds in the real estate. Their aim is to create affordable houses for the common people. They give high priority to quality houses and are bound by ethics that they vouch with. There is complete transparency in all their transactions. Dreamz Infra intends to provide complete customer satisfaction to all. They have come up with innovative techniques in building the houses. They have come up with two new projects in Vidyaranyapura, namely, Dreamz Suprabhata and Dreamz Sumadhur. Dreamz Suprabhata-2 is located near Durga Parameshwari temple. It is close to BEL circle and is located at a radius of 5 kms from BEL circle. Vidyaranyapura is a well-developed area with good facilities such as shopping complexes, children's play area, hospitals, schools, beauty parlors, pharmacy amongst many other facilities. This project has many features such as 24 hours water and security, health club – for men & women, co-operative super market inside apartments, ambulance facility, banquet hall, bore well, conference room, creche and baby care, gymnasium, covered swimming pool, Jacuzzi and mini hospital.
Each flat in Dreamz Suprabhata-2 has internal walls smoothly plastered with rendering, for flooring, vitrified tiles are used in living and dining room, plus anti-skid tiles flooring. For painting the interiors, acrylic emulsion paint with roller finish is used and for exterior, external emulsion paint is used. There is electrical and back-up generator with 1 KVA DG automatic power back-up. There is a provision of hot and cold water mixer unit for shower and wash basin in toilets. Moreover, there is a provision of geyser and exhaust fan in all the toilets. With all these world class amenities, each flat is priced at just Rs. 26 lakh. The area is spread over 950 sq. ft. to 1425 sq. ft. The plot size is 16000 sq. ft. with 2 BHK and 3 BHK with 2+ bathrooms. There are 70 flats in all. The flat is worth the price with such classic amenities.
Dreamz Sumadhur is located near Jalahalli East, near Singapura bus stop. It is close by to BEL circle. Dreamz Sumadhurhas a size of 1025 sq. ft. to 1400 sq. ft. The plot size is 43560 sq. ft. with 2 BHK and 3 BHK. There are 145 flats in all in this apartment. Amongst the various features of Dreamz Sumadhur are 24 hours water and security, children's play area, gymnasium, health club & beauty parlor – for men & women, conference room, lift, community hall, swimming pool. There are various amenities such as creche and baby care, residential hospital, gymnasium, club house, rain water harvesting, swimming pool, amphitheatre, jogging track, water fall, gym, Jacuzzi, Laundromat, video doorbell, children's play area, water softener plant, car wash and height adjustable kitchen. With all these facilities, each flat is priced at just Rs. 19 lakh.
You must not miss this wonderful opportunity to own a house in Vidyaranyapura now. Dreamz GK‘s on-going projects at Vidyaranyapura – Dreamz Suprabhata -2 and Dreamz Sumadhur are slated to change your life for sure by providing you quality living. Make the most of this opportunity and book your flat now to enjoy a serene life! Read customers' reviews of Dreamz Infra to know more about customers' reactions towards company services.
Friday 13 December 2013
Have You Heard About the Commencement Certificate?
Developing or buying a property is about paper works too. There is sale agreement, no-objection certificate, tax papers and so on. But, do you know about commencement certificate, a vital documentwhich is often less noticed.
A commencement certificate or CC is a document to be sought before commencing the construction. The builder has to apply for it once the required approvals are obtained from the concerned bodies. Yet another requirement is that foundation should have been completed and boundaries built, followed by erection of peripheral pillars either in ground floor or basement. The regional town planning and engineering section issues this document, and is compulsory for all apartments as the cc is directly linked to the occupation certificate, without which the concerned property cannot be legally occupied.
In Bangalore, the cc is provided by Bangalore Development Authority (BDA)/ Bruhat Bangalore Mahanagra Palike (BBMP). The issue of cc is after a thorough investigation on the construction status by the concerned authorities.
Nowadays, many investors are opting for under-construction properties. In fact, the recent times saw several of such projects coming up across the nation. The cc becomes extremely important when it comes to properties that are on the way of completion.
At times, the construction would have advanced despite the lack of cc. In this case, there could be problems in the future as lack of cc means no occupancy certificate.
Also, a construction without cc is totally illegal and the BBMP has the authority to issue termination of construction. And, there are penalty charges as well which might come to the occupant in case the builder escapes legal action.
Therefore, verify whether the builders have obtained the cc before taking the final decision regarding property.
A commencement certificate or CC is a document to be sought before commencing the construction. The builder has to apply for it once the required approvals are obtained from the concerned bodies. Yet another requirement is that foundation should have been completed and boundaries built, followed by erection of peripheral pillars either in ground floor or basement. The regional town planning and engineering section issues this document, and is compulsory for all apartments as the cc is directly linked to the occupation certificate, without which the concerned property cannot be legally occupied.
In Bangalore, the cc is provided by Bangalore Development Authority (BDA)/ Bruhat Bangalore Mahanagra Palike (BBMP). The issue of cc is after a thorough investigation on the construction status by the concerned authorities.
Nowadays, many investors are opting for under-construction properties. In fact, the recent times saw several of such projects coming up across the nation. The cc becomes extremely important when it comes to properties that are on the way of completion.
At times, the construction would have advanced despite the lack of cc. In this case, there could be problems in the future as lack of cc means no occupancy certificate.
Also, a construction without cc is totally illegal and the BBMP has the authority to issue termination of construction. And, there are penalty charges as well which might come to the occupant in case the builder escapes legal action.
Therefore, verify whether the builders have obtained the cc before taking the final decision regarding property.
For more articles go through Dreamz GK Infra Reviews blogs.
Friday 6 December 2013
Ramesh Ravi's Review on Dreamz Infra
Dreamz Infra Private Limited is a premiere real estate company in Bangalore. We have many recently launched projects across the Bangalore city. We also have completed and under construction apartment project in various areas of the Bangalore.There are many satisfied customers who have already possessed the flats from Dreamz Infra. View the Video Review of Dreamz Infra given below.
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