Step Into Modern Living 

Ansal Housing and Construction has incorporated state-of-the art lifestyle and world-class facilities in a residential project in Karnal. Ansal Town Karnal (Haryana), spread over approximately 98 acres, is an integrated township and is strategically located near National Highway 1. The township is about 125 kms away from New Delhi as well as Chandigarh. The project turnover is approximately Rs 250 crores. It will feature amenities like a jogging track, commercial and shop-cum-office complex. A community centre with swimming pool and gymnasium, schools and a dispensary are other attractions.

 

                                                                                                   

                                                             Realty Plus

Lanco Infratech's Rs 5,500 crore-mega project in Hyderabad, called Lanco Hills, presents the finest lifestyle features, international facilities and amenities. Featuring the world's tallest residential tower as a signature landmark, Lanco Hills offers an unique world within, with convenient access to homes, premium office spaces, entertainment, hotels, leisure and shopping at one place. Lanco Hills comprises exclusive 3-BHK Type I premium high-rise residences with around 1,850 sq.ft. to 1,950 sq.ft. of living space. Every tower houses over 100 exclusive homes. All towers rise to over 26 to 33 levels, each offering a unique experience of the "sky life."

 

                                                                                                     

                                                    Realty Plus

The recent bloodbath in the real estate sector has started taking a toll. Almost all large developers are facing a severe cash crunch and finding it difficult to complete their ongoing projects. The situation is so bad that most of them have reported a 50-70% cash shortfall. Liquidity crunch has forced many developers to pick up cash from the unorganized market at interest rates as high as 35% to 50% annually. The lending rate of banks is between 18% and 20%. The grade A developers which are facing crash crunch include DLF, MGF Emaar, Shobha Developers, Unitech, Omaxe, Parsvnath Developers, Hiranandani Group, Ansal API, BPTP Developers and TDI Group.

 

 

                                      

 

 

                                Courtesy: ET dtd. 20/06/08

                    

Making it easier for urban cooperative banks to extend housing loans, Reserve Bank has relaxed the risk provisioning norm for purchase of residential properties up to Rs 30 lakh. The central bank issued notification on Monday in pursuance of the annual credit policy announcement made by Reserve Bank governor Y V Reddy on April 29. Earlier on May 15, the central bank had relaxed the risk provisioning norms for housing advances by the commercial banks. "It has been decided to enhance the limit of Rs 20 lakh to Rs 30 lakh in respect of bank loans for housing in terms of applicability of risk weights for capital adequacy purposes. Accordingly, such loans will carry a risk weight of 50%," Mr Reddy had said. 

 

 

 

Courtesy: - ET dated: - 18^th June 2008

 

Panchsheel Group, the real estate perfectionist has redefined perfection with various dream projects that include Panchsheel Park Colony -Ashok Vatika, Lajpat Nagar, SPS Apartments Phase 1- Main GT Road, SPS Apartments PhaseII-Radhey Shyam Park, GT Road, Euro Apartments- Rajendra Nagar, SPS Residency Vaibhav khand, Indirapuram, and SPS Heights- Ahinsa Khand II, Indirapuram.

The Group has also created Panchsheel Wellington in India's first global city, Crossings Republic. In its series of uncharted success, the Group has now created budget apartments on Hapur Road, Ghaziabad, for home seekers who want a complete lifestyle and that too at an affordable price. This living abode is strategically located in the bustling township of Ghaziabad. It is an ultimate destination for people desirous of settling in Delhi and NCR. It has become one of the favourite destinations for living due to easy accessibility from the capital and its other suburbs.
With the proposed Metro Station, World class infrastructure, Residential and Commercial Complexes, Shopping Malls, Multiplexes Schools, Hospitals Community Centre, Parks and Shopping Centres and other luxuries of modern living, Ghaziabad is fast becoming the choice of upwardly families. It has been listed in the top 10 most dynamic cities of the world in'06 by Newsweek international. Catering to the needs of different strata of the society, it has become the most sought-after destination for Business Groups, Industrialists, Technocrats and Home Seekers. These are the advantages why Panchsheel has found Ghaziabad as the most sought after location for their budget apartments. Today the world is fascinated with a culture called Interior Design and Better Living. The lifestyle of the people gets a facelift with contemporary lifestyle that starts at their home and remains with them. The people today are not considered as general buyers but designated as smart home seekers who don't want just homes but a perfect habitat that reflects their attitude and style. Keeping all these minute details and reasons in mind, Panchsheel has created Primrose, the budget apartment that offers luxury with affordability.

Courtesy: - HT dated: - 14th June 2008