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• Approx 45-acre, G+7 mid-rise group housing development, part of the larger master-planned gated community of Palm Hills in Sector 77 Gurgaon.

Apartment project in area of approx 40 acres

• Size 1450 sq.ft. 3 BR + Servant Quarters Rs.50 lakhs

• Size 1955 sq.ft. 3 BR Servant Quarters
  

Qubrex - Emaar MGF PALM HILLS Sector 77 - Brochure

Qubrex -Emaar MGF Palm Hills Sector 77 - Payment Plan

"Click here to download Emaar MGF Palm Hills Application Form"

Prices :

• Total: Approx Rs 50 to 65 lakhs

  
  

• EDC/IDC Charges : 337/34 per sq ft Aprox

• Car Parking : 2 Lac

• Club Membership : 50,000

Location - Palm Hills,

• Sector 77, Gurgaon

• Easy access from NH8, right next to Tilda Rice Mill

• Designed by leading international architects - ARCOP

• Efficient floor plans

"The base rate will be the new reference rate for determining lending rates for banks. This would bring in more transparency to loan pricing for customers," RBI Executive Director Deepak Mohanty told reporters on the sidelines of a function here today.

"This will also make the system more flexible. Today a common person doesn't know how the loan pricing is happening. As per the new system, the banks have to display the rates in the public domain," he said.

After the implementation of the new lending system, existing borrowers will continue to pay at the existing rate but they also will have the choice to switch over to new system on renewal, while the base rate will apply to new customers from the start.

The RBI had last week deferred the implementation of the base rate system by three months to July 1. The apex bank in early February had issued draft guidelines to banks to switch to benchmark lending rate, which will be applicable to all customers. The RBI took this step following banks refusal to extend the low interest regime to existing customers.

Under the base rate system, which will replace the current benchmark prime lending rate, banks would not be allowed to give loans below the base rate to anyone. The PLR has been much abused as banks provide loans to high rated corporates below this rate, reflecting lack of transparency in the lending rates and the lending process.

Fund houses, private equity firms, venture capitalists, bankers, institutional investors, companies, high networth individuals, nonresident Indians, indeed just about every potential property buyer, are dialing local real estate experts in order to get a feel of the local market.

The best part is, to just share one's knowledge of the real estate scenario in a city like Bangalore, the consultants/experts get paid anywhere between $300 and $500 an hour. Over and above that, if they are required to fill in a market survey, he gets paid around $200 per survey form.

Farook Mahmood, CMD of Silverline Group and the president of the Bangalore Realtors' Association, has been flooded with calls from overseas buyers, who pay $500 an hour for an update on what's happening in the city.

Mahmood, who has been dealing in Bangalore's real estate market for the past 30 years, says that "this trend of overseas clients paying per hour or for a service is a recent phenomenon." According to investment bankers, this demand for knowledge from local real estate consultants is also happening in other markets such as Mumbai, Delhi and Chennai.

Real estate consultants say they receive around two/ three calls a month, with some consultants doing more. "I get calls one month in advance, where a date and time is fixed for telephonic interview to happen," says Mahmood.

Questions frequently asked are about the real estate climate whether or not it's a suitable time to invest; about specific micro markets within the city; about developers and their standing in the market; and the trends in the commercial and residential space.

One such global firm actively calling real estate consultants is Gerson Lehrman Group. The company is a network of consultants, physicians, scientists, engineers, attorneys, market researchers, and other professionals from around the world.

"Most of the local property consultants and experts have a very sound knowledge of the local market, they have great access to developers and know what's going on," says an investment banker.

Enquiries revealed that a team headed by AK Tripathy, an additional director of income tax (ADIT), Faridabad range, swooped down on the 15 premises owned by Rahejas in Delhi and Gurgaon and some other business premises at Panipat. The premises included two residential buildings at Sainik Farms in Delhi and Sushant Lok at Gurgaon.Raheja Builders Website

The entire operations were monitored by Pawan Parmar Singh, director, income tax (DIT) investigations, northern western region.

I-T sleuths also claimed to have seized cash worth around Rs 60 lakh and sealed five bank lockers belonging to the promotors of Raheja Group. Sources informed that detection of tax evasion worth Rs 80 crore came during scrutiny of purchase orders and payments made for purchase of iron and steel used for construction.

Unwilling to be identified, the official claimed to have detected three such west Patel Nagar based bogus firms with whom transactions were made. "During scruitiny, it was found that the firms never existed. The Raheja Group would make payment in the bogus firms and the entire amount would be withdrawn by group employees the next day."

"The illegal operation was going on for at least four years. Our teams are examining some other angles as well," the official informed.

Tripathy confirmed the search and seizure operations on Raheja Group but expressed inability to quantify the seizure saying that investigations were in progress.

I am planning to buy an appartment (3 bedroom+Servant)in Gurgaon for around 1 crore(Little flexible). The options that I have explored in this range are:

• Central Park -2
  
• Emmar MGF- Palm drive
  
• Park View City Spa
  
• Pioneer Presidia

Please suggest which one will be a good place to live as well as for investment.

• Real estate agent is asking for 10% payment as bayana/token money to hold the plot for me. Do we get any written receipt on stamp paper for this transaction?
  
• What all documents will I get from seller or Huda before making the final payment?
  
• Also I have been told that to expedite the processing of those documentation and registry I may have to give some extra money. Any idea approximately how much money is needed at various steps of those process.  
  
• How can I validate the authenticity of those documents? Are there any good lawyers who can do this check for me?

Has anyone got any idea about a flyover coming up in Badshahpur sector 66/67 on Sohna Road.

What are the long term prospects of this area.I am an investor in Spa Next so inquisitive to know how well is the area shaping up.Please let me know.

I was very happy with the sample flat and I really hope that Bestech delivers the same quality as the display flat in sector 47 however I am bit concerned about the site of this project.

Thanks

I booked a commercial unit in Unitech Comm sec 71 in 2008 and am still awaiting any news on what is happening to the project.

There must be others in the same situation and I wonder if we could all get together and see if any answers are forthcoming from Unitech. I guess they wouldn't be professional enough or honest enough to answer questions on this forum

Hi!

I'm looking for a Ford workshop or a good ford mechanic in Gurgaon. I'm sick of the way Harpreet Ford is over charging for things out of warranty and the mechanics are changing parts without even trying to rectify a problem. Any help will be really appreciated. Thank you all!!

Here is an analysis done for the super vs carpet area for the top builders in Gurgaon. This has been done with the clearly defined areas in the respective websites for the similar flat areas. (For instance 10*12 bedroom 1 =120 etc)

A small Analysis which might help for Gurgaon for close to budget of 85-90 for similar flat areas

BPTP park life 2293 Ready to move in

Super Area 2293

Carpet Area 1535.78

wastage 757.22

wastage % 33%

DLF park place 2282 budget above 1 cr

super area 2282

Carpet Area 1434.97

wastage 847.03

wastage % 37%

Tata Raisina 2319 possession after 3months

super area 2319

Carpet Area 1604.99

wastage 714.01

wastage % 31%

Orchid Petals 2337 Ready to move in

super area 2337

Carpet Area 1591.3

wastage 745.7

wastage % 32%

I'm an NRI and would like to invest approx 90 lakhs. Though my family owns a residence in Delhi, I'm new to the real estate market in NCR (and in India in general). Having heard about appreciation potential in NCR has generated this interest in investment

a) Is investment in NCR region really a good idea and is the timing right

b) Which area is better suited for investment - Gurgaon, NOIDA, G Noida or Faridabad. For example has Gurgaon pretty much peaked with first and second level appreciation in most areas.

c) Would a plot be better versus an apartment. How about commercial space

As I mentioned, this is purely for the purposes of investment with no intent of moving into (or using) the property at a later date. I don't have a time horizon in mind but as long as the property appreciates I will not be in a hurry to liquidate.

Thanks

As most of us are already aware that DLF Capital Greens is a project of DLF near Moti Nagar, Delhi. It has both residential flats as well as commercial.

DLF took some bookings for commercial way back in 2005-2006 and then sold residential flats also in 2009. Ads for resale appear in the newspapers regularly.

Can anyone post an update about the status of construction of this project?

One of my friend's mother passed away recently, and she owned a plot in one of HUDA sectors.

She is survived by her 2 sons both of whom are NRIs living in UK. Their father passed away much earlier. Now both the sons want to inherit the plot. What is the correct process to get the same done in HUDA records?

I have been to HUDA office and a few dealers but to no avail.

I would appreciate if someone could point me in the right direction for this information.

Thanks in advance.

What would be reasonable rentals for a 3 bedroom + study (2061 sq. ft) apartment at Orchid Petals?

The apartment has modular kitchen and wardrobes in 3 bedrooms, and is pool/park facing.

Thanks

I had booked a flat in VIPUL GREEN in 2004 (tower 4) and till date haven't got the posssesion of same. I have spoken to few people in VIPUL but they are rude to say the least.

I'm sure other people also would be facing a similar problem since in Tower 1 -5 the building work is going on and wanted to jointly approach VIPUL so that we could get the handover of our flats ASAP.

I can share my mobile number (9910500825) in case similar minded people want to approach me.

Regards

GTM Builders not giving possession of my flat in Valley View Estate even after five years of the construction start.

Please suggest what can be done as now this builder is pushing me to sell off the flat on wired rates and move out???

Thanks.

Enough attention is being given to regulate the developers and brokers to fix the Indian Real Estate Market, but what about regulating the buyers/owners/tenants also? There are bad brokers who must be regulated, and bad builders who must be regulated, but isn't it naive to believe that there are no bad buyers or owners of properties? Doesn't the bad behaviour of these small number of buyers and owners affect how brokers and developers address the general market. It does, and any attempts to fix and bring transparency in real estate dealings must deal with the whole chain of developers, brokers, and real estate clients.

And it is hard to understand why and what do some brokers and developers do, unless you understand what clients they sometimes have to deal with. Just like many clients have horror stories to tell, every broker and developer also has many horror stories to tell, and we are no exception. Over the years we have dealt with all sorts of people, and most of them have been good and fair - Indians at their core are still majorly decent people. But some of them are neither fair nor decent. And to illustrate the point we would like to share one of our stories. Hope it will explain why there is need to regulate the whole troika of developers, brokers, and clients if we are to ever fix the real estate market.

Our story starts with an NRI landing in India with his wife and daughter to spend holidays, and probably buy a property in India. Owner of many properties, the NRI contacts a broker and also gets his mother in India to explain to the broker what his various needs and expectations are.

As Aashish is going to be in India only for 2 weeks, it is urgent to get him up-to-date on the various options very quickly. He works for a renowned Indian IT company at a high position, so target is high end properties. Details of Aashish Bansal (cache here) confirm that the United States has been good to this NRI, who has moved up in life and is now ready to buy into some prestigious property. After talking to him some properties are shortlisted, and then arrangements made for the keys and showings.

It is important to understand that when a buyer/owner/tenant cheats they don't have to be strangers. We have known Aashish for over 5 years when they bought a 3br in Atlantis from us. Since then his aged mother and father would call on us for stamppapers and notaries, free advice on documents and agreements, even getting their driving licence and passport renewed. Once we even made two trips from Gurgaon to Army headquarters in Delhi so that Ashish's brother-in-law could be sent the form for applying to DSOI club (Defence Services Officers Institute) in Palam Vihar.

On January 02 Aashish Bansal and his family were taken to the DLF Aralias on the Golf Course, Laburnum Villa and a Laburnum apartment, and then a tour of the World Spa 4br and 5br. He liked the World Spa. So on Jan 04 a tour was arranged to show him a World Spa penthouse and a 5br. On Jan 06 he wanted to see Orchid Petals for his brother-in-law, and a 3Br and 4BR were shown, and tour given of the Golf Course Extension Road. Raisina was way too far off. On January 07 DLF Pinnacle was the destination. He liked it. So calls went out to many owners to see if they were interested in selling. Some confirmed apartments were not of choice. After more discussions we then took them to Bestech Parkview Spa on January 08.

I am a working professional who shifted to Delhi from Bangalore and tried getting a decent Movers and Packers. Aggarwal Movers and Packers was the first choice but the quotation was exceeding what my company could have paid.

So I happened to see the banner of Marina Movers and Packers and called them. The guy (incidentally named Mathew Wilson) greeted me a with a soft & southern accent.

He quoted almost half of Aggarwal's estimates. I immediately signed the transportation deal.

I was asked to pay everything in advance and I obliged. And soon the real face of this serpent was revealed.

While packing my Goods at B'lore the packing guys charged Rs 500/ citing docket amount. As i was in Delhi, I could not do much and the guys were abusive on phone and they said they belong to different Packers.

Mathew has been unavailable since then. I went to his office and called his number -09311002177 but he managed to escape. He cited reasons as his wife died in accident, then his mother in law collapsed etc etc if i ever caught him on call. I said i will file an FIR and he said Delhi Police is in my pocket, so go and do whatever you may.

It's 43rd day, and I don't know what to do. Police as we all know is not going to help me because it seems the area inspector is in Mathew's monthly -payroll.....

This is not a Movers and Packers company, they rob you of yours good and even manage to make you pay for that.........In nutshell they are Dacoits....in disguise of Packers

Thanks.

Many Gurgaon residents, who opted to use their houses under the scheme, now say it is difficult to cope up with the escalating prices and diminishing clientele. While authorities said approximately 100 licences have been given out under the bed and breakfast (B&B) scheme in Gurgaon till date, Newsline found many owners have not renewed their licence.

Kamal Jain of Madhuban B&B in Sushant Lok-I said, "The return is negligible compared to the cost it takes in maintaining facilities such as a cook, rent for Wi-Fi, air-conditioners in rooms and such. We have brought down room rent from Rs 2,800 to Rs 1,500 but have still failed to attract clients for almost the entire year now."

He said the overheads are "as high as Rs 20,000" per month. "We have renewed our licence only recently in the hope that the New Year might bring some relief."

The growing number of "illegal" guesthouses, to reach the promised number of rooms in the run-up to Commonwealth Games, is another hindrance, many said.

"There is a very thin line separating a B&B place and a guesthouse where an owner lives in the same house and provides a maximum of five rooms," said a B&B provider (name withheld on request). "Unfortunately, some owners are running an entire guesthouse setup of 10 or 15 rooms under this scheme by getting around the rules."

Source: The Indian Express No guests, little relief: Bed & breakfast not hot any more for Gurgaon owners

I am looking for a good investment in Gurgaon around Rs 80-90 lacs .

Need a opinion on the various investment options in Gurgaon my objective is long term capital appreciate and return.

I have shortlisted the following :

• a. Future Projects- Ireo, Orchid Petals,tata residency ,

• b. Present Projects- Carlton , Rigdewood ,ivory ( Essel)

• c. Plots in SL -2 , 3.

The advantage seems for future projects as the category B I feel has reached it's maximum with C the problem is on safety and cost of carry a plot. However with B there is rent right now.

Does it makes to invest in golf course extn road ? do you see Ireo a a future colony and good return.

Thanks