Real estate company Unitech Ltd said on Tuesday it has sold 16.6 million square feet of residential and commercial space during financial year ended March 2010. This is more than five times the bookings clinched in Financial Year 09 (three million square feet), when slowdown in the property market and cash crunch faced by various builders had dented the fortunes of the industry. Unitech had reported 10 million sq ft of bookings during Financial Year 08.

The average realisation stood at Rs 4,237 a sq ft for Financial Year 10 although the company did not give a comparable figure for the previous year. During Financial Year 10, Delhi NCR and Chennai accounted for a big chunk of the total bookings.

According to an operational update by the company, for the year ended March 31, 2010, bulk of the area booked by the company pertains to residential projects (82 per cent) and balance to non-residential or commercial space. The company has claimed that the total value of sales for the space booked in the last fiscal stands at over Rs 7,000 crore.

On the delivery status of past projects — a pain point with buyers during the market slowdown phase — Unitech has reported that out of the total 22.4 msf of area to be delivered, close to 6.8 million sq ft has been delivered till March 2010. About 1.15 million sq ft was delivered in the last quarter alone.

Source : Indianrealtynews

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Gold Souk – the jewellery mall developer – is planning to set up a gems and jewellery special economic zone (SEZ) with an investment of Rs 2,000 crore in Gurgaon. The company plans to start work on the project within this financial year.We have got 40 acres from the Haryana government. It is an ambitious project. We plan to have residential apartments named Gold Souk City, apart from having gems and jewellery manufacturers from Thailand and Dubai who will open their units in India,” Gold Souk Vice-Chairman and Joint Managing Director Ashish Gupta said.

A formal announcement of the project is expected in the next couple of months. “We are at the design stage now. We are working out how much percentage of land should individually be designated for malls, residential and the other commercial offerings,” he added. According to Gupta, the company is looking for private equity (PE) players to fund a portion of the project.

“The rest would be financed through internal accruals and joint ventures,” he said. The company is also contemplating an initial public offer (IPO) over the next two years. “We are trying to identify the right time for the IPO. Right now, the market is quite unstable. So, we will wait and see if it stabilises in the next 12 months. We could then launch our IPO,” Gupta said.

At present, Gold Souk has four operational jewellery malls in Gurgaon, Ludhiana, Jaipur and Cochin. This financial year, it plans to launch similar malls in Indore, Hisar, Ajmer, Thiruvananthapuram, Madurai, Calicut and Selam. The company is also in talks with an international hotel group and plans to launch five four-star hotels within this financial year.

“Our primary focus will always be on real estate and, this financial year, we will be launching a lot of jewellery malls across the nation. Apart from this, we are diversifying into hotels and also plan to open a hospital in Ludhiana,” Gupta said.

Source : Indianrealtynews

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Over View

Welcome to Ansals Florence Marvel – the address of regency, the symbol of class. Located amidst the picturesque surroundings of Sushant Lok II & III, Gurgaon, Florence Marvel is an abode of peace and tranquility. Built on a plot of approx. 300 sq. yds, these magnum – sized two-storied independent luxurious villas have a built-up area of approx. 3469 sq. ft. Take a close look, and you might end-up falling in love with it.

Open the gate to your glorious habitat and the conveniences start with a driveway adjacent to the front lawn chirping with the sound of birds and the fragrance of spring flowers. Ushering you to your living room is a sit-out, which adds flavour to your brewed cup of coffee.

Step into the lavish ambience of the living room, which is just the kind of place to host get-togethers and is a portrait of your status. The adjoining dining area is well placed across the kitchen which is designed to accommodate with ease all the kitchen gadgets and appliances, and has a multi-purpose utility area. To allow your privileged visitors a comfortable stay and privacy, there is a spacious guestroom with an attached bath.

From the kitchen step across to your rear lawn which can also be used as a kitchen garden to allow you the distinct taste of homegrown vegetables. Access to servant room with attached bath is also planned from the rear lawn walkway.

family lounge, which is a compact and cozy corner for family chitchats.

Each member of your family has separate leisure rooms with attached bath, which also has escapes to independent balconies for sharing individual moments of bliss. The master bedroom comes with an added advantage of adjoining dress and spacious bathroom with Jacuzzi, which elevates the pleasure of bath to a rejuvenating experience. Allow your kids to create their own world in a comfortable kid’s room, which is spacious enough for you to turn it into a vibrant living arena. You always have been a silent admirer of your second bedroom because of its position, flooring and shades. Its secluded balcony invites you to enjoy the pristine and invigorating natural beauty. The highlight of the planning of each module is sheer independence, which creates an uncluttered living environment and also merges seamlessly with the whole ambience.

After you’ve tried your hand at golf on the lower terrace get ready to ride the tide in your personal swimming pool on the split-level terrace. The adjacent change room comes very handy. Allow yourself a little liberty to get spoiled over your favourite Martini or Champagne at the bar next to the waterbody.

If this portrayal of class fails to ignite your passion, just take a drive and spend some moments in this remarkable architecture truly scripted as Ansals Florence Marvel !

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Specification

Type of construction
Combination of frames, load bearing brick structure adhering to the latest earthquake resistance codes

External finish
Texture finish & brick tiles

Flooring

• Living, dining, lobby, family lounge and bar-glazed vitrified tiles
• Bedrooms, study – wooden laminated / glazed vitrified tiles
• staircases – marble / vitirified tiles
• Front and rear courtyard pattern – marble / vitirified tiles
• Terrace – Kota stone or marble

Internal finish
Plastic emulsion on walls, oil bound distemper on ceiling with p.o.p. cornice

Kitchen
Vitrified tile flooring with granite work top, 2’ high ceramic tiles on walls above work top; upto 4’6″ high on remaining walls, single lever CP fittings, double bowl stainless steel sink with drain board, cabinets above and below the counter

Toilet
jacuzzi in master bedroom toilet, shower panel / bath tub in one toilet, ceramic tiles / equivalent flooring, ceramic tiles with border / pencil upto ceiling height for walls, English type WC in pastel shade with low level cistern, wash basin with counters, single lever CP fittings, towel rail / ring, looking mirror, cabinets below the counters

Woodwork
Door frames of imported teakwood, door shutters to be panelled with teak veneer, all door / window frames and shutters will be polished

Cupboards
Only niches for wardrobes shall be provided

Electrical work
Electrical installation in concealed conduits with copper wiring, modular type switches. 7.5 kW power back-up through genset

Splash pool
Internal finish in glass mosaic tiles, filtration plant will be provided, deck area of permanent paved finish

Security System
Sensor based security

General
Rain harvesting, provision for telephone wiring (three pairs) shall be made from the main gate of the plot (concealed or overhead whichever may be applicable), provision for one TV and one telephone point in each bedroom, living room and dining room

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Floor Plans

1) GROUND FLOOR

2) FIRST FLOOR

3) TERRACE

4) LOCATION MAP

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Photo Gallery

1) Front View

The Art of Timeless Living

2) Entrance From Main Gate

Imposing Iron Gate welcoming you to a classic lifestyle

3)

4)

5)

For further details or any query please contact

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DLF is coming up with Rs 15 crore flats in the posh Greater Kailash area, courtesy Municipal Corporation of Delhi (MCD), alleges Congress. Leader of Opposition in the Municipal Corporation of Delhi Jai Kishen Sharma has alleged that the civic body has “illegally” allotted the land meant for park and community centre to the DLF. The Bharatiya Janata Party is in power at the Town Hall. Claiming that the civic agency is hand in glove with the ruling party, Sharma said: “In clear violation of the MCD rules, plots measuring 1.5 and 2.5 acres have been allotted for building apartment complex. The land was meant for civic facilities like parks and community centre. This was done to increase the ground coverage of the housing society and give undue benefits to DLF.”

The real estate major is building eight and nine storey apartment buildings in the E and W blocks of the Greater Kailash-II. The building plans were sanctioned in 2007. DLF has already started construction on the plots. Captain KS Singh, a MCD councilor from south Delhi, said: “When the plots were allotted the topography of the area was very different from what it is today. Now, the area is densely populated. So, there should be no construction here as civic infrastructure will crumble if these housing projects come up.”

However, MCD officials refute the charges, saying the resolution for allowing the construction was passed by the Standing Committee way back in 1989. Some residents had also moved the Supreme Court on the issue, but the court ruled in favour of the MCD. The layout plan was sanctioned around two years ago. “I have asked the Commissioner to look into the matter and submit a report within three days,” Standing Committee chairman R K Singhal said.

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