Latest Real Estate News

Rebate on income tax for Real Estate Persons

Budget 2010 has given rebate on tax for all common and businessman related to Real Estate.  For more details view comments by Subhash Lakhotia below

Rebate on income tax for real estate people

MMRDA invites Bids for allotment of Commercial Plot at Wadala Truck Terminal

MUMBAI METROPOLITAN REGION DEVELOPMENT AUTHORITY

(A Govt. of Maharashtra Undertaking)

C-14 & 15, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 51.

Tel. 26594000 / 26590001-04 Fax 26591264

Email. mmrda@giasbm01.vsnl.net.in  Website : http://www.mmrdamumbai.org

MMRDA invites Bids for allotment of Commercial Plot at Wadala Truck Terminal (WTT)

Mumbai Metropolitan Region Development Authority (MMRDA) constituted under the Mumbai Metropolitan Region Development Authority Act, 1974 is planning to develop part of Wadala Truck Terminal (WTT) as business district and Inter State Bus Terminal (ISBT).

OFFER FROM MMRDA :

In order to cater to the growing demand for business area and entertainment needs in Mumbai,MMRDA intends to offer the following plot for construction of Tail Tower on 65 years lease. The Plot (Commercial) have in their vicinity, ISBT of WTT and residential areas of Everard  nagar, Bhakti park and also Engineering College, Imax Multiplex Theatre etc. The site is well connected by road and rail network, The work on India’s first Monorail of 20 km. length connecting the City and Suburbs through WTT is already under execution and expected to be completed by June, 2011. A flyouver also has been developed between Eastern Express Highway (EEH) and the WTT. The site also has a road access from Dr. Babasaheb Ambedkar Road via Sion Koliwada area.

Sealed bids are invited from those who are eligible and competent to enter into contract under the Indian Contract Act 1872 as mentioned bellow:-

DETAILS IF PLOTS OFFERED: (Refer Bid Document for Details)

Plot No. Plot Area in sq.m. Maximum Permissible built up area in sq.m. Permissible Users Reserve

Price

Block – C

(Commercial)

25,000.00 49,5000.00 Commercial-Offices/ Business Centers/Shopping Malls, Star Hotels and Restaurants, Entertainment Center, Health, Sports Facilities and Residential. Rs. 50,000/- per sq. mtr. Built up area.

Note :

  • Plot Area given above are likely to change marginally on actual demarcation on site. However, the Maximum Permissible Built up area will remain the same.
  • Any bid quoting a price lower than the Reserve Price as mentioned above would stand automatically rejected.

ELIGIBILITY CRITERIA OF BIDDERS :

1)      Financial Services such as Banks, Financial Institutions, Non – Banking Financial Companies, Housing Finance Agencies, Merchant Banks, Insurance Agencies, Asset Management  Companies and Mutual Funds.

2)      Corporate of regional offices of leading India companies with a minimum annual turnover of Rs. 250 crore with minimum Net Worth of Rs. 60 crores and in case of foreign companies with regional headquarters and branch offices in India minimum annual turnover equivalent to Rs. 500 crores with minimum net worth of Rs. 100 crores. (Partnership firms are not considers eligible) Lease of plot to foreign  companies will be subject to approval of Reserve Bank of India.

3)      Organization engaged in Information Technologies & Telecommunications.

4)      Corporate Developers catering to mixed permissible users as stated in table above.

5)      In case of above categories except at ii) the gross turnover of the bidders business during the last financial year shall not be less than  Rs. 100 crore and the bidder shall have minimum Net worth of Rs. 50 crores as per the last audited balance sheet of the firm at the time of submission of the bid.

6)      Bidder shall have constructed/ completed a building of height not less than 200 mtr.

SCHEDULE

Sale of bid documents 10th March, 2010 onwards between 10.00 a.m. & 4.00 p.m. except Saturdays, Sundays and Holydays.
Pre-Bid meeting (Only for Bidders) At 11.00 a.m. on 25th March, 2010
Last date for sale of bid documents Upto 12.00 noon on 23rd April, 2010
Last date for receipt of sealed bids Upto 3.30 p.m. on 23rd April, 2010
Opening of Bids At 4.00 p.m. on 23rd April, 2010

SALE AND SUBMISISON OF BID DOCUMENT :

The bid document contaning the details of the plot., procedure of submission of bids, evaluation procedure, terms and conditions of lease along with the prescribed forms will be available for sale as per the schedule given in the above table in the office of the Dy.Metropolitan Commissioner (Land & Estate), 4th Floor, MMRDA Building, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 051 on payment of Rs. 50,000/- for each bid.

The payment be made by way of Demand Draft / Pay Order / Banker’s Cheque drawn in favor of “MMRD Fund” payable at Mumbai, Sealed bids will be received in the office of the Dy. Metropolitan Commissioner (Land & Estate), MMRDA at the address given above. The details (Except prescribed forms of bids) are also available on MMRDA’s  www.mmrdamumbai.org from th March, 2010.

Any Bid received, in person or by post, after the appointed date time for receipt of sealed bid shall be invalid any will be rejected.

The MMRDA reserves to itself the liberty to reject all of any bid including the highest bid without assigning any reason.

For further Enquiries

Mr. S.V.R. Srinivas, I.A.S., Addl. Metropolitan Commissioner, MMRDA (Tel: +91-22-26594004) OR

Mr. P.R.K. Murthy Chief, Transport & Communication Division MMRDA (Tel: +91-22-26594107)

Ratnakar Gaikwad

Metropolitan Commissioner

MMRDA

Auction for residential/commercial land, buildup shops and commercial hall- Jaipur

Jaipur Municipal Corporation is doing auction for residential/commercial land, buildup shops  and commercial hall at various parts(Sodala, Shastri nagar, Near hanuman mandir etc.) in City.

The auction will be done for 99 years lease. Applicant can participate after depositing Rs.1,00,000/- and for commercial hall Rs.2,00,000/-  DD or Bankers Cheque per unit. Cash payment is not acceptable.

For more details see advertisement given below.

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Modern Design Workship, Development Commissioner Mnistry of MSME Invites

Govt. of India

GOVT. OF INDIA

Development Commissioner (MSME) Mnistry of MSME Invites

All the Buyers (Domestic & International) Buying Houses to Participate in International Buyer Seller Meet for Agra Carpet Cluster, Agra on 7 March 2010 at 11 A.M. Buyers & Manufactures fromMicro, Small, Medium Enterprises PSUs & Govt. Developments are invited at Hotel Ashish Palace Opp. Hotel Howard Park Plaze, Fatehabad Road, Agra

Features: Modern Desing Workship

It will be an Exhibition of Agra Carpets for Marketing Development

For Rsgistration Please Contact

Director MSME- DI, Agra

Er. Ramawatar Singh

Asstt. Director/CDE

9456022433, 9548982328

ramcde@gmail.com

Organiser; MSME-DEVELOPMENT INSTITUTE

CGO Complex, A-Wing, 3rd Floor Sanjay Place, Agra-282002

Ph.: 2523247

Bids invited for Large Group Housing Plots In Sector 77, Noida

A prestigious high – rise opportunity for the enterprising builders in Noida

NOIDA invited sealed tenders in a two-bid system for the allotment of Group Housing Plots, as per terms and conditions prescribed in the brochure.

Eligibility criteria as per brochure.

Detailed information of the scheme and terms & conditions are available in the brochure, available at Union Bank of India, Sector-62, Noida, HDFC Bank, Sector-18, Noida and Vijya bank, Sector-6, Noida against cash payment of Rs. 5000/-

Plot Details

Plot No.                      Sectors            Area of Plots                          Reserve Price

In sq. mtrs.                             (Rs. Per sq.mt.)

GH – 01                       77                    62,200                                     20,400

GH – 02                      77                    62,200                                     20,400

GH-03                         77                    80,000                                     20,400

  • Maximum permissible Ground coverage : 40%
  • Maximum permissible FAR : 2.75
  • Setbacks: As per Building Bye-laws

SCHEME OPENS ON: 06-03-2010  SCHEME CLOSES ON: 22-03-2010

Plots at sector 77, Noida


For more details visit us at : www.noidaauthorityonline .com

New Okhla Industrial Development Authority

Main Administrative Building, Sector-06, Noida-201301

GNIDA invites developers for plotted & flatted development

Now build a sky-high heaven in Greater Noida

Greater Noida Industrial Development Authority invites developers for plotted & flatted development of Large Group Housing/Builders Residential Plots. Interested and qualified bidders may submit sealed tenders in two bid system in prescribed application forms.

How to apply

Details, Information of Scheme and Terms & Conditions are available in brochures /bid document which shall be available at UNION BANK OF INDIA Sector 62 Noida, BANK OF BARODA,  Sector gamma, Greater Noida City, HDFC Alpha Commercial belt, Greater Noida on cash payment of Rs. 5500/-

SCHEME OPENS ON: 06-03-2010

SCHEME CLOSES ON: 23-03-2010

Tender Submission on 23/03/10 from 10.00 a.m. to 12.00 noon

Opening of Pre-Qualification Bid on 23/03/10 at 1.00 p.m.

Date for Opening of Price Bid will be informed to the Pre-Qualified Bidders

GNIDA invites developers for plotted & flatted development

Greater Noida Industrial Development Authority

(ISO 9001:2000 and ISO 14001:2004)

169, Chitvan Estate, Sector Gamma, Greater Noida, Disst. Gautam Budh Nagar, U.P. Tel.: (0120) 2326150-52 fax: (0120) 2326133

E-mail : Authority@gnida.in, Visit us at : www.greaternoidaauthority.in


Tuscan City at Kundli

HINDUSTAN TIMES, Dated:  7 March 2010

Tuscan

Tuscan City: Kundli (3 BHK & 3BHK+ Study, Duplex with Terrace)

TDI GROUP: Tdi House, G-7 Outer Circle, Connaught Place,  New Delhi-110001

Aarogyam Premium Apartments & Spa at Haridwar

HT ESTATES, Dated: 6 March 2010

Aarogyam

Aarogyam: Roorkee-Haridwar, NH-58, Opp. Crystal World, Near Patanjali, Bhadrabad, Haridwar

Ph.: 01332 239609/11, Mob.: 09720107041/ 42

EMINENT INFRADEVELOPERS PVT. LTD.: A1/112, Safdarjang Enclave, New Delhi-110029

Ph.: 011 46150050, Mob.: 09654232351/53/ 54

First IT Park at Ludhiana

HT ESTATES, Dated: 6 March 2010

First IT Park

First IT PArk: NH-95, Chandigarh Road, Near Kohara

ASHOK MALHOTRA GROUP OF COMPANIES: S.C.F.-11, 12, Urban Estate-I, Ludhiana-141002

Ph.: 0161-2492481, 4617704, Mob.: Prem Dhamija 9899117898, Saurabh Dhamija 9873087929