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area watch: rohtak
real trends decor trends Green house Tax tips REALTY GUIDE
reality bites
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area watch: rohtak Rohtak’s proximity to the national capital, its status as the educational hub of Haryana, upcoming industrial projects and being the Chief Minister’s home constituency are just a few of the factors that provide a fertile ground for the real estate sector to bloom. The property prices here have maintained a stable trend over the first half of 2012 as the demand for housing remains high in this bustling city. However, it is this high demand that has led to mushrooming of unauthorised colonies in the area as the approved developers’ and HUDA projects have failed to keep up with the growing demand for housing. Moreover, the realty market here is an investor-driven one due to which prices in the approved colonies and sectors are very high. This leaves the end user and small investor with little choice than to invest in unauthorised colonies/projects. In fact, the growth of unauthorised residential colonies has overshadowed the real estate development being undertaken by the authorised developers, including HUDA.
Direction lost Though HUDA had in 2007 come up with a master plan of development of the city as per the requirement in 2025, the process of acquiring land and developing new sectors, however, never gained momentum due to reasons best known to the authorities concerned. The number of sectors developed for residential purposes has been low in comparison to the demand for plots and houses. The huge gap in the demand and availability has led to the growth of unauthorised residential colonies and clusters in a big way over the past few decades, says Parminder Kadian, a local property consultant. “Till now only five residential sector projects that had been floated by the HUDA several years ago, have been fully developed and occupied. A couple of more sectors are also being developed but it may be a while before they become fully habitable’’, adds Kadian. “The level of interest in the realty sector can be gauged from the huge number of applications that are received each time plots are advertised in HUDA-approved sectors here,’’ says Yoginder Dahiya, a local resident. But claiming that the allotment system had became a playfield for the cartel that “grabs” a majority of the plots every time, he added, “These financiers file multiple applications and thus their chance of getting their names pulled out in the draw of lots is much more than that of a common man who can’t put in more than one application at a time as at least 10 per cent of the total cost has to be submitted along with each application.” So, an end user has no option but to turn to unauthorised colonies where the property prices are also much less. The price in an unapproved colony in Rohtak area is between Rs 3,000 and Rs 10,000 per sq. yd, while in the developed sectors the prices are between Rs 30,000 and Rs 50,000. According to Praveen Kumar, another real estate agent, several lakh applications had been submitted recently for the 400 plots offered in Sector 5. The draw for these plots will be held in September this year. Though the authorities have taken steps to curb the growth of unapproved colonies, nothing has been done to check the property mafia that “hijacks” the draw of lots in approved colonies. According to Praveen the ban imposed by the authorities on the registration of plots in private colonies had, in fact, helped the property mafia, which, he said, had been fleecing the buyers by artificially hiking the rates in developed and authorised colonies. He claimed that the ban had resulted in reducing the opportunities for a common man to buy or own a house in the approved colonies.
While a majority of the leading private colonisers, who had been allotted as many as eight sectors here, have realised 90 to 95 per cent of the money from the consumers, they are yet to hand over the possession in the past about five to six years. Dozens of complaints land in the office of the DTP here each month against the private builders. “The delay and failure of the private developers to hand over the possession of plots and flats in several sectors here has also led to a vaccum in the field”, says Praveen.
Dogged by uncertainty “Despite the tall claims of HUDA officials, there is no denying the fact that lack of proper development at the required pace has led to the mushrooming of unauthorised colonies in the city and perhaps this is why the number of such colonies has reached to around 125 at present”, said Virender Singh, a local resident. Out of these 125 colonies as many as 34 are still awaiting regularisation and the fate of other 80 to 90 colonies hangs in the balance. Raj Singh, a local social activist says the business of development of unauthorised colonies had been going on unchecked due to the biased approach of the officials concerned and involvement of political bigwigs. “The authorities concerned do not dare to demolish the constructions in unauthorised colonies carved out by influential persons while action was taken against only those who had no political patronage’’, he claimed. Over the past few years several colonies have come up at Rohtak, Sampla and Meham but officials concerned had kept mum as many of these had been developed by certain political leaders and their kin. The delay in granting approvals to residential colonies and a ban on the registration of property, had failed to solve the crisis being faced by the residents who could not afford to buy a plot or house in the developed sectors or colonies where the rate per sq. yard had been inflated due to the “faulty” policies of the authorities.
Official take HUDA officials claim that several new sectors have been planned and carved in and around the city to cater to the requirement of houses and plots in the next 30 years. Denying the charges of slow development work, Amarjeet Maan, the Estate Officer, HUDA, claimed that around 5,000 new plots would be offered for sale through draw of lots in the next one year or so as the decision to float the new sectors — 36, 36-A, 27, 28, and 26 — had been finalised after the completion of the relevant formalities. “The advertisement inviting applications from the residents would be released in media soon”, he claimed. He said the acquisition process for the development of one sector each at Meham, Sampla and Kalanaur towns in the district had also been started.
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real trends The likes of Godrej Properties, Mahindra, Ansal API, Unitech, SVP, Hiranandani and many more are hiring foreign architect firms.
Who’s hired Just a couple of months ago, Godrej hired DP Architects of Singapore to design their 50-storey residential project in Mahalaxmi area of Mumbai. US-based Hellmuth Obata Kassabaum Inc (HOK), has already worked with Indian builders such as Unitech, Hiranandani and many other big firms. Realty experts say that it is a welcome sign that eminent architects from abroad are coming to India. They bring a global perspective and diverse expertise to a project. Singapore-based firms like RSP Architects Planners and Architects 61 Ltd are designing projects in many big cities in India and are getting many more projects here. RSP has reportedly opened its office in Mumbai, Begaluru and Hyderabad. It has designed the International Tech Park project in Bangalore. It has also designed offices for IT giants like Wipro, Satyam and Microsoft. The Unitech group has taken the services of great golfer Greg Norman to design the lush green golf course for their prestigious Unitech Grande project in Greater Noida. A senior official of Unitech says that the company hires Indian as well as foreign architects for its projects. “So far our experience with architects from abroad is really good”, he adds. Emaar MGF has hired the services of a host of global architects like Singapore-based SRSS Architects, Bentel Associates of South Africa and Giorgio Armani for its various projects in India. Some developers hire multiple design firms simultaneously for a single project. Unitech, for instance, has 10 global architecture and design consultants for the $3 billion Unitech Grande project — a super-luxury residential complex over 347 acres along the Noida expressway. This project has experts like US-based mall designer Callison and landscape artists SWA and EDAW, as also Britain's RMJM for architecture and interiors and HOK for floor plans, besides Australian golfer Greg Norman. Likewise, Ansal API’s 5,000-acre Sushant Golf City in Lucknow has the course villas designed by New Zealand’s Woodham Meikle Zhan Architects Ltd, golf course by Martin Hawtree and landscaping by Thailand-based KTGY. The Mahindra group’s real estate arm Mahindra City has roped in HOK while Canadian firm Forrec, the lead architects behind Universal Studios, has tied up with Bombay Dyeing and Unitech. Lord Foster has tied up with the Neptune group to develop a 17-acre office complex called Evolution, near the Bandra-Kurla Complex (BKC).
Pros and cons Hiring foreign designers and planners has a lot of pluses. But, the negative side of hiring them is that in some cases they don't understand the complexities of doing business in India. “This may include cultural considerations, understanding of the tax laws etc”, says Narinder Harshe, a veteran civil engineer working for Mohit Gujral's Design Plus Architects. Sanjay Khanna, director of Kailash Nath Projects Pvt Ltd, says there is a big difference in the approach of Indian and foreign firms that undertake design jobs. He feels that international firms are more empathetic to developers’ needs and aspirations. “They find a solution which is required for a particular site, location and land. They are also more in tune with the land use demand. They are more open to new ideas. On the other hand, Indian firms have a trial and error approach to design and planning. They also try to impose their ideas on the developers”, Khanna concludes.
Competitive edge Clearly, the Indian realty firms are taking the services of foreign firms and experts to make their projects attractive. But are the Indian architects and firms feeling the heat with this international competition? "Not at all" was the crisp reply of noted architect Mohit Gujral. “There is enough work available in both India and abroad if you are ready to work differently. We are not bothered that some realty firms are hiring architects firms from other countries.” Meanwhile, Sunil Jindal, CEO of NCR-based SVP builders, says that they have roped in M.Paul Friedberg Associates of America to look after the landscape part of their flagship project Gulmohur Greens in Mohan Nagar, Ghaziabad, spread over an area of 23 acres.
Limited role Many, however, believe that the foreign architect firms have a limited role in a project in India. They usually design the master plans of the projects, while the execution part is handled by the Indian firms. So don’t be surprised if fancy realty project names like Orchard Country, Sun City, Malibu Towne, Espace Nirvana Country and Karma Lakelands also have some top international civil engineers and architects associated with them. And last word came from Dr Nazma Rizvi of School of Planning and Architecture, who feels that global firms are definitely good when it comes to designing projects. On many occasions, the initial designs done by them don't make any sense. Finally, Indian architects have to enter the scene to undo the damage.
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Language of light Little Miss Sunshine now lives in your house and so does its many moods. Having revolutionised the home front for centuries, lighting has moved beyond incandescent and fluorescent to become the latest design accessory neha joshi Once lighting is seen as an accessory that complements the overall design, it becomes easier to pick concepts that best suit a particular space. The trend currently is to follow a combination of natural and artificial lighting that defines space and creates a traditional-cum-modern look feels Thomas Johan, Senior G.M, Retail Operations and Institutional Sales, @home. “Lighting sets different moods and plays a vital role towards changing the mood and atmosphere of a space. Considered essential for its basic function and purpose at one time, lighting today has becomes an accessory by varieties and growing trend. As home styling becomes a trend to all classes and mediums, home lighting has gained tremendous importance as an intricate part of decor,” he says.
A bouquet of choices An array of light fixtures or accessories available in the market today offer numerous options to suit one's taste and pocket. Ranging from the stylish LED lights and lamps to more energy-efficient products - some of which are environment friendly — one can choose from a plethora of options available. The decorative arena brimming with the good old chandelier along with its modern and sleeker version and lamps beaded with stones and crystals carry enough bling to satisfy a fashion-savvy customer. Another favourite riding up the popularity chart is natural light defined by scented and floating candles that come in different shapes and designs such as flowers, fruits etc. Giving company are the newly introduced designer fan lighting and fancy wall-mounted lighting fixtures that add a huge dollop of elegance to the room. “There is not a single, unified trend or direction in today’s lighting options, other than making your home a unique expression of your personality,” says Parul Walecha, Executive Director of R.L Walecha and Associates, an interior designing firm based in New Delhi. “Meeting the needs of customers both aesthetically and functionally, lighting has become the easiest and the most cost-effective way to update interiors. Whether it’s a show-stopping chandelier or a quirky little lamp, a new fixture can freshen an entire room for a more dynamic and fashionable look,” she adds. Let us take a look at some of the styles used to “highlight” the décor quotient:
Personified by simple yet sophisticated finishes and forms, contemporary or modern lighting is a popular choice among today's discerning homeowners .Characterised by the complete absence of ornamentation, clean and uncluttered lines, the style can usually be seen in ceiling lights, pendant lighting and chandeliers cascading down the roof.
With everything from eclectic to casual chic, the transitional style offers an unexpected combination of elements that work well with today's diverse lifestyles. Complementing both relaxed and formal decors, this style unites traditional and contemporary to create a classic, timeless design.
The calming, cool look of metals is prevalent in contemporary interior design. These range from brushed nickel to antique bronze to iron. It's not important that all of the lighting fixtures match but that each compliments and works together with the other textures in the room.
While designing a home's lighting scheme, the use of layers, including ambient, task and accent lighting throughout a room, lends a warm and inviting feel to the space. Dimmers are also increasingly becoming popular as they give inhabitants an ability to control light levels throughout their home. Functional player Various ways and lighting ideas can also be used to one's advantage. It is a known fact that yellow lighting provides a warm tone to the overall lighting and hence a cozy feel to the space in general. Therefore, it would be a perfect option to use in large spaces where one wants to provide a sense of warmth. Similarly, in a smaller space where one wants to add a sense of space or even to provide coolness to the atmosphere it is advisable to use white light for "the" effect. Similarly, instead of using one flat light source like a halogen lamp, it is always better to use mood lighting and break the space into smaller lit pockets in order to add drama to the entire setting. For this concealed lighting makes for a perfect light source. Arranged strategically the small LED lamps draw attention to smaller details or spaces (for e.g. a plant, a painting, and corner of the room, an artifact or even a bookshelf). Categorised as “enhancing lights” these usually work as mood setters and perform the same function as what probably a backlight would do for a portrait.
Growing avenues The home decor market having grown three folds in the past few decades, offers both branded as well as imported products to the Indian customer. According to Johan, "Earlier the trend was only limited to a niche market but now as every home concentrates on decorative and essential lighting options, the market is only likely to grow providing home decorative lighting a wider base." Some of the players offering various lighting options in this category are Phillips, Surya Roshni, Havells, Keselec India etc. Home furnishing stores such as Nilkamal's @ Home, Hindware's Evok, Big Bazaar's Home Town, Lifestyle's Home Store and others also offer lights in both functional and decorative range. The price usually starting from Rs 250 and can go up to Rs 20,000 and even beyond. Within a space, light accomplishes multiple functions. With umpteen lighting options available, it becomes important that the lighting concept reflects one’s style and becomes a unique expression of one’s personality. As one flat light cannot perform all the functions, it makes sense to put into use multiple light sources and fixtures to provide the home a perfect ambience and to do justice to one’s décor style. Remember, regardless of the design aesthetics, the right lighting concept can help bring any room together in a harmonious space.
LED lighting is the latest rage in the modern interior design circuit. Gone are the days of fluorescent or incandescent bulbs, and today, homeowners are increasingly focusing on beautiful fixtures that cut cost, last longer and save the planet. While LED solutions can highlight a product, create drama and interest they can also reflect mood and help in create a perfect environment for the whole experience. — Parul Walecha, Executive Director, R.L Walecha and Associates
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Make your garden flourish in monsoon Maj amarjeet SINGH BATTH
The monsoon season provides ideal growth inducing environment as low temperatures and humidity make the root system swing into action. The roots develop; the nutrients available in the soil get dissolved in water and are ready to be absorbed easily by the plants. This season, thus, is a good period for introducing new plants in your garden. However, it is important to remember that all these favourable conditions don't mean that one can leave the plants untended. Plants need special attention during the rainy season. Proper drainage and avoiding water logging are the two major concerns of plant lovers during the monsoon season. When water is in excess of the absorption capacity of soil it leads to water logging and it can ruin your favourite plants. If you want to enjoy the luxuriant emerald hue of your garden then ensure that there is a proper provision for drainage of excess rainwater. Always remember the thickest of vegetation is found on the hill slopes and not in the wetlands, so proper drainage of water is very important. Water logging may make the roots become loose and cause the stems to rot. Raising a mound around the main stem of some plants is an effective way of avoiding direct contact with water. The depth of flower beds is also very important. If the flower beds are deep then rain water will collect there and this can damage the plants. As humidity reduces the rate of evaporation, water doesn't evaporate easily in the rainy season. Seasonal plants like cosmos, zinnia, gompherina etc which require watering twice a day during peak summer season can get damaged if the flower beds are deep and are flooded with rain water. So it is better to ensure that the flower beds are not more than 1-2 inch deep. However, some other flowering plants thrive in this season. Among the most prominent bulbs, tuberose (Rajnigandha) which yields sporadic flowering lasting till December prospers during monsoon. Potted plants: In pots water logging is caused if the drain hole is not plugged with a stone while filling the pot. It also happens when the root system in the pot develops so extensively that no space is left for the water to seep in. With high humidity transpiration rate also slows down. Cement pots or painted pots add more to this problem. The pots which were kept indoors to protect them from summer heat must be taken out under shade to make them enjoy a "rain bath". Water requirement reduces during monsoon, therefore, irrigation should be done on need basis. As a thumb rule, observe a plant in the morning, if the leaves are drooping then that is a symptom of dehydration and time for watering the plant. Grass: The most favoured 'Selection No 1' variety is more prone to damage due to water logging than the 'common dhoob'. As the growth is vigorous, mowing should be done frequently to avoid the grass growth to get dense. When overgrown grass is mowed it leaves behind brown patches that are like ugly blots in a lush green lawn. Weeds also grow extensively and these should be uprooted regularly. Fortnightly application of Urea 15 grams / sq meter is recommended. Fruit trees: These are given manure in winters and in April-May. A dose of fertilisers (NPK) before the start of flowering and later at fruit-setting stage (when flowers are shed and fruit appears) is desirable. A dose of fertiliser administered in August/ September keeps the plants in good health. Deciduous fruit trees like plum, peach, grapes etc are given a dose towards the end of the rainy season. Vegetables: In monsoon season these should be sown on raised beds 9-10 inches to avoid water lodging. Pest control: The other important aspect to be managed is the pest and fungal attack which is quite common in this season as humidity boosts and supports the growth of all kinds of organisms, including pests and fungus. Be watchful and consult an expert. Spray of 'Bavistin' for fungal and 'Malathion' for pests provides the necessary protection to plants.
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Tax tips Can step sisters contest father’s Will? Q. My father had two sons from his first wife, who died long time back. After her death, he married again and had five daughters from his second wife, who also died long time back. All the children are married and well settled. He had purchased a residential plot measuring one kanal in his name and had constructed a house thereon. Prior to his death in September, 2007, he left a registered 'Will' mentioning "Till I am alive all immovable/movable property in my name shall be owned by me and after my death my two sons shall own this property with equal share." However, the following mistake/error was found in the "Will'. While all other details of property i.e. ward number, name of the mohalla, tehsil, district and state were correct, the name of the village and Hadbast number were wrong. The property is situated exactly on the boundary between town (Tehsil HQ) and village but is within the boundary of the village. Mistakenly, in the 'Will' the property is shown in the town with its Hadbast number. As already mentioned my father does not own any acquired/hereditary property other than the property in question in Punjab or elsewhere. My step sisters have been delaying the process of transfer of property in the name of their two step brothers on one pretext or the other for the past five years. In view of above back ground, my queries are:
A. You have stated in your query that your father did not own any other immovable property except the house constructed on a one kanal plot purchased by him during his life time. It seems the Will has not been contested so far in the court of law by your step sisters. However, it is not clear from the facts given in the query as to the level at which difficulty is being experienced by you and your brother in getting the house property transferred in your names. I assume that the matter has not been contested so far in the court by your step sisters. Your queries are replied hereunder after taking into consideration the above background: The Will which is registered with the sub-registrar should in ordinary course be given effect by the appropriate authority without taking into account any objection. However, sometimes the authorities do insist on obtaining a no objection from other legal heirs of the deceased. It seems this must have led to the delay in your case. The documents referred by you in the query would definitely be an evidence for giving effect to the Will in court. Apart from the documents referred to in the query it will be advisable to get a confirmation from the office of any government authority as to the actual location of the house. Your step sisters can definitely contest the Will in the Court. The property will be divided in seven equal shares in case you agree not to give effect to the Will.
Q. My mother owns one residential flat where we are living at present. Besides this she has one plot each in Mohali and Panchkula. The plot in Panchkula was allotted to my mother in 2006 and the possession was given in 2010. We have been carrying out the construction work on this plot since 2011. I want to sell the plot in Mohali and purchase a flat in Panchkula from the sale proceeds. Kindly clarify:
A. The facts given in the query are not clear about the cost and sale price of the plot in Mohali. It is presumed that the cost of the plot was Rs 6,70,000 in 2006 and its estimated sale price is Rs 90 lakh. Reply to your query given hereunder is based on this presumption: a) Your mother can purchase a residential flat by utilising the amount of net consideration accruing or realised on the sale of Mohali plot. b) The amount of long-term capital gain arising on the sale of Mohali plot on the basis of cost inflation index notified for the financial year 2011-12 would be Rs 77,04,557. The cost inflation index for the financial year 2012-13 has not been notified so far by the Government of India. The amount of long-term capital gain would be less than the above amount if computed on the basis of the cost inflation index applicable for the financial year 2012-13, which, as stated above, is yet to be notified. c) In case your mother purchases a residential flat within one year before or two years after the sale of the Mohali plot by utilising the amount of net consideration for such purchase, your mother would not be liable to pay any tax on profit arising on the sale of such a plot. She can also save tax by utilising the amount of long-term capital gain towards the purchase of tax-saving bonds. The bonds have to be purchased within six months of the date of sale of plot. These bonds have a lock-in period of three years and carry interest @ 6 per cent p.a. It may be noted that the maximum permissible limit in a financial year for buying such bonds is Rs 50 lakh. d) Your mother can utilise the amount of net consideration towards the construction of residential house on a plot of land which is owned by her and on which construction is in progress. The construction in such a case must be completed within three years after the sale of Mohali plot. So much of the amount out of net consideration as is not utilised for the construction of a residential house within the period specified hereinabove is required to be deposited in a bank account under capital gain scheme before the due date of filing the tax return. e) The buying of a plot by selling the residential flat would not enable your mother to save the tax payable on the long-term capital gain arising on the sale of a residential flat. Your mother can save tax by utilising the amount of long-term capital gain arising on the sale of residential flat towards the purchase of a residential house within the period specified in (a) above. In case both residential house and Mohali plot are sold, the utilisation towards the purchase of residential house will be that of long-term capital gain arising on sale of residential flat and of net consideration arising on sale of Mohali plot. Such utilisation will have to be made within the period specified in (c) above.
Objection to change of land use
A. In case the agricultural land owned by you is identifiable and duly reflected in the revenue records, the owners of other identifiable portion should have no objection in case of construction of a house on such agricultural land. However, the issue will also have to be looked at from the angle of applicability of any permission required from Gram Panchayat or the state government for the change of use of the land. How much tax will I have to pay? Q. I had purchased a plot in April, 2009 for Rs 7.25 lakh (including stamp duty). Now I am planning to sell this plot for Rs 11 lakh and want to buy another plot for Rs 35 lakh in another city. How much tax will I have to pay? — Rajiv Gupta A. The amount of capital gain in your case will have to be computed after taking into account the indexed cost of the plot which you intend to sell in the financial year 2012-13. The cost inflation index for the financial year 2012-13 is yet to be announced. However, on the basis of cost inflation index applicable for the financial year 2011-12, the amount of long-term capital gain on the proposed sale will work out at Rs 1,99,486 on which tax of Rs 41,094 will be payable. Calculating LTCG Q.
I purchased a plot in April, 2009 for Rs 1,74,000 and spent another Rs 15,660 on the purchase of stamps for registration (total expenditure Rs 1,89,660). Now I want to sell this plot and utilise the sale proceeds for the marriage of my grand daughter. The likely amount of sale proceeds will be Rs 3,12,000. As I have held the plot for more than three years, will I be liable to pay LTCG tax. Kindly advise about the CII for the years 2009-10 and 2012-13 and calculate the amount of LTCG. I want to save the tax by using the long-term capital gain to buy tax-saving bonds. —
Gurnam Singh A. The cost inflation index applicable for the financial year 2009-10 is 632. The cost inflation index for the financial year 2012-13 has not been
notified so far. However, on the basis of cost inflation index for the financial year 2011-12, the amount
of long-term capital gain in your case would be Rs 76,425.
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Fair deal B K Sanghi Q. My father owns six acres of agricultural land within the municipal limits of a city in Punjab. He is 78 years old now. We are two brothers and have no sister. Our youngest brother (third) had died 13 years ago. His widow and two minor kids are living with us. As this land has become commercial now, we want to sell it and purchase agricultural land somewhere far from the city. But we don't want to sell the land to private property dealers and land mafia. As no major road connects it with the city except a narrow link road, so the chances of selling plots after getting approval from authorities are also very bleak. Kindly advise how we can steer clear of fake buyers and shady deals and have no legal hassles later on. — Manjit Singh A. As the stakes are very high in the real estate sector now and big money is involved, it is very difficult to differentiate between a fake and a genuine buyer. Fake buyers can put the seller in a lot of trouble later. So it will be better to make thorough inquiries about the buyer and also meet him personally and make a transparent transaction. There is a famous saying that byana (earnest money) is no problem, part payment some problem but full payment is always a problem. So be very cautious while accepting earnest money from a buyer. Some of the things that you should keep in mind are: Spot payment In order to avoid any bogus deal and fake buyers go
for a spot-payment deal. Take the full and final payment in one go as your land has commercial value
and is within the city municipal limits.
Adopt give-and-take policy Hand over the possession and all the documents regarding the registry of the land after taking the full consideration amount by cheque or draft and fulfill all the duties and commitments of seller.
Precaution for the
second deal As you want to purchase another agricultural land somewhere else, it will
be better if you complete the process of selling your land first and go for the second deal only when
you have received the full consideration amount. Don't make any commitments just on the basis of the first deal. email your queries to realestate@tribunemail.com
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reality bites Realty firm CHD Developers has acquired 12.34 acres in Gurgaon for about Rs 100 crore for development of a housing project. In a filing to the BSE, the Delhi-based CHD Developers said it has acquired 7,000 shares of Empire Realtech and the latter has become wholly-owned subsidiary of the company. Empire Realtech holds 12.34 acre licensed land on Dwarka Expressway, Gurgaon. CHD did not disclose the financial details in its filing to the BSE. However, according to sources, the company bought this land for about Rs 100 crore. CHD would develop a group housing project on this land and it is expected to be launched by end of this year, they added. Many housing projects are coming up on the Dwarka Expressway. Sobha Developers, Assotech, Puri Construction, Chintels and ATS, among others, are developing housing projects in this area. CHD is currently developing a housing project in Gurgaon and a large township in Karnal.
Tablet deal Property Broking Company, IndiaHomes recently launched “Genie initiative” for those looking for a suitable property to buy. As a part of this initiative all sales agents will be armed with an android-based tablet through which they will be able to provide all property details integrated with Google maps to the customer. —
Agencies |
Bijendra Ahlawat
Breaking away from the by lanes of functionality, home lighting has now taken the centre stage, providing options that not only add style to home décor but also dramatise the entire look of the house. Choosing lighting for a space has become more about appearance rather than function and as a result home owners are increasingly experimenting with the impact lighting can have on personalising a room. So, the ordinary bulb gets replaced by its more modern and upscale version and each space gets a customised lighting makeover.
The master plan had, however, proposed to develop as many as 17 new sectors which included 11 sectors for residential and the remaining ones for commercial and transport sectors.
Among the private players, groups like Suncity, Omaxe, Parsvnath and One Point have already launched their projects in Rohtak. “We have four residential projects here on land measuring about 400 acres, said the local manager of the Suncity group. He said the group had carved out residential plots in various new sectors besides 1,000 flats, which would be ready for possession in about two years’ time. 
Keeping alive the tradition started by the legendary architects like Sir Edwin Landseer Lutyens and Herbert Baker (both had designed several key buildings of New Delhi) and Le Corbusier (Chief Architect of Chandigarh), architects from abroad continue to design buildings in India. The only difference is that while earlier the government of the day used to invite them to work, now realty firms hire them to design their major projects.
Breaking away from the by lanes of functionality, home lighting has now taken the centre stage, providing options that not only add style to home décor but also dramatise the entire look of the house. Choosing lighting for a space has become more about appearance rather than function and as a result home owners are increasingly experimenting with the impact lighting can have on personalising a room. So, the ordinary bulb gets replaced by its more modern and upscale version and each space gets a customised lighting makeover. Options for a variety of fixtures, accessories and themes currently available in the market leave one spoilt for choice. 
My father has no other immovable property, inherited/acquired in his name other than the one mentioned above.
Q.
I, my brothers and some other co-sharers are joint owners of some agricultural land. My share in this land is in my possession and I have been cultivating this land for the past 20 years. Now if I want to construct a house or shop or any other building on my share of the land, can my brothers or any other co-sharer object to the construction of any building or factory on the part of land that is in my possession. The girdwari of the land is in my name. —
Suresh Chaudhry
