4 Simple Tips For A Lively Home By: Unknown No comments

                                           

The interiors of our home define its beauty and magnificence to a great extent. No matter we buy a sprawling bungalow, if it lacks lustre then squandering truckloads of money is of no use. Our interior decor choices can make or break the appeal of our home, thus for your convenience, we have come up with some tips to help you out of the confusion. 

Colours

The colour we use to coat our house’s walls is the greatest determinant of its beauty. Select the colours of your choice and pair them with shades of cream and green for a natural and balanced look. Use light tints in hallways and living room, while darker shades would be perfect for your resting territory. 

Set a Theme

As we set themes for the background of our mobile phones and desktop, similarly we need a one of a kind aesthetic subject for our home to give it an amazing look. You can choose to decorate your abode in contemporary or traditional styles according to your taste.

Mood Boosters

Picking the right shade to paint your interiors can lift up your mood in a flash. For instance, blue is the colour for calm people, while red and violet are wonderful to lift up your spirits.

Surprise Element

Add a dash of flamboyant colours here and there to bring out the unexpected and make your guests wow with your creativity. You can creatively blend red, orange or green with the primary shading for a remarkable look.

Since all the tips mentioned above are futile if you do not bank in a spacious and luxurious housing property, ROF is there to aid you in your quest for magnificent homes in Gurugram, Haryana. First home-buyers looking to buy sensibly valued houses as per HUDA Affordable Housing Scheme can contact at +91 124 4399 399.  

Be A Smart Investor: Crucial Steps To Take Before Buying A Property By: Unknown No comments

A single wrongful move can mess up with your investment plan. Being a delayed beginner is one of the common habits of non-strategic investors. Following “The Earlier The Better” dictum saves you from a lot of risks that come with late property investment.

Spreading your loan repayment time over long durations make you pay small instalments, while on the other hand, a handsome amount of EMI needs to be paid if your prefer to shorten the repayment period. In case you are a late buyer, make efforts to make your property welcoming enough to grab some good rental money for you. Do your proper research so as to gauge the builder’s credibility and make sure to properly analyse his track record. Buy property in a developing area that promises high chances of appreciation in future. Water supply, sewage and electricity are important aspects that need to be carefully looked into before buying a property.

There are many fraud developers out there offering deceptive schemes. Rosy property ideas may look appealing, but you should not forget to ask about the hidden costs to avoid any kind of financial burden in future. Documenting each and every discussion with your developer will place you in a stronger position. There are many good, clean and reasonably priced properties out there. All you need to do is research, read up, work hard and make smart decisions to get hold of best real estate investments.

ROF presents you affordable housing properties in, Gurgaon under the HUDA Affordable Housing Scheme 2013.

Reach out to us on +91124 4399 399 or drop a hint on info@rof.co.in to buy reasonably priced properties in Delhi NCR. 

5 Things That Set Apart A Luxury House From A Regular Abode By: Unknown No comments

A big billboard written “luxury properties” does not necessarily guarantee the royal splendour of the dwelling place you are looking ahead to purchase. An extravagance private property accompanies many obvious qualities that set it apart from rest of the residential properties in the town.

In the event that you don't wind up purchasing a house with typical courtesies, here are some tips to help you buy a luxury house:

Area

Lavish private properties will never at any point be at the edges of the town. They are downtown properties established in the heart of the city to provide you easy access to all the pleasantries, for example, silver screens, shopping centers, arcades, spa parlours, gym and that's only the tip of the iceberg.

Spacious

Huge space is hands down the first and foremost criteria to gauge the luxury of the property you are buying. Large rooms and huge kitchen & toilets ooze out a magnificent aura that make you vow with the luxury of the space. A 3BHK falls in the classification of extravagance private property, while 2BHK apartments rate at an average on the luxury scale.

Elevators

An extravagance purchase should be blessed with roomy lifts to give you and your guests comfort in reaching the apartments located at sky heights.

Statures

Any home with a ceiling height of more than 12 feet deserves to be in the category of a luxury abode. Also, more floor-to-roof tallness keeps your premises legitimately ventilated and brimming with positive vitality. 

Security Systems

Luxury apartments quite often remain at the target of trespassers and thieves and thus the luxury abode you are buying should be equipped with round-the-clock security system to provide you a peaceful and tension-free living experience.

If you are looking for a luxury residential property in Gurgaon, Haryana, then ROF can bail you out in your search for sensibly valued luxury apartments in Haryana. We have tie-up with HUDA Affordable Housing Scheme 2013, and are entitled the privilege of making luxury abodes available at reasonable rates to first-home buyers in the country.

Give us a ring on +91 124 4399 399 for more points of interest. 

Unite With ROF To Own Your “Sapno Ka Ghar” By: Unknown No comments

With the prices of real estate market touching the sky, the dream of having a house of your own becomes no more than a nightmare. Scourging realty magazines, real estate websites and Google directories just provide us with high-priced and low-maintained old housing projects. Since the problem of owning an abode of your own is a major one, ROF took the initiative to solve all your house related queries by owning massive affordable housing projects across Delhi/NCR.

We are major dealers in both residential and commercial housing properties, and even possess a significant share in state-of-the-art hospitality properties including Ramada Gurgaon Central (our signature project). HUDA Affordable Housing Scheme, announced in the second half of 2013, has turn out to be a major breakthrough in the real estate sector, and, ROF is a proud member of the scheme. We have tied hands with government to provide reasonably priced homes to first-time buyers. Newly built and highly designed homes with full parking space are available for all people living in the region encompassing the licensed colonies of Haryana Urban Development Authority (HUDA).

Our property prices vary depending on the micro-market and the city area, and, we can easily make a home available to you as per your budget requirements.

There is no waiting in line when you have the expert assistance of ROF realty professionals to guide you on each step from finding built-to-suit properties to documentation and money lending. Give us a ring on +91124 4399 399 for more information.

How to Spruce Up Your Home this Diwali? By: Unknown No comments

Diwali or Deepawali, the festival of lights is fast approaching, and most Indians think about how to clean and decorate their homes. From wardrobes, kitchen cabinets to bookshelves, closets and even those forgotten lofts are touched with some sort of magic wand of Diwali.

Traditionally, people used to paint their entire houses for Diwali but with rising expenses, paucity of time and sheer inconvenience, most of them have taken the easy way out of just sprucing up the house to give it a fresh fervor and feel. Following are a few tips for giving a new look to your home this Diwali:

Create an Accent Wall

Instead of painting the entire home, you can create accent walls in your rooms. You can give your room a gleeful touch by painting one wall in a strikingly vibrant color, in contrast to the neutral colours in which the walls of a room are normally painted. Moreover, you can also brighten up the corners with a vibrant colour for a new look.

Explore Wallpapers

For those who do not have time for getting the walls painted, wallpaper can be a cheaper and a sure shot way to liven up a space. Wallpapers are available in a wide range of colors and textures - copper, gold, silver, metallic, matte, or floral geometric etc., which can be easily installed in sync with the existing décor of the room

Change Some Furnishings

Changing some drapes and furnishings is the easiest way to create a new look for your home this Diwali. Changing the drapes creates a whole new look for any room. To stay within budget choose one item that will create the maximum impact. Even changing the cushions to vibrant coloured ones gives a new feel to the entire room.

Get a Focal Decorative Piece

An impressive look can be created by putting up a statement decorative piece in your home. You can buy an ethnic accent piece or an artifact which complements your wall colors. Keeping this focal piece in the entryway or the living room will give the best impression to the visitors.

Experiment with Plants

Decorative plants can be put up at the entry as well as other strategic locations in the house. Corners, bathroom and living room are the places where planters can make a great impact, besides being good for the environment and health too.

With the above changes, your home will certainly support a new appearance and will be ready for a vibrant glow this Diwali!

NH Status to Fast Track Dwarka Expressway By: Unknown No comments

The completion of Dwarka Expressway, also known as Northern Periphery Road (NPR) now seems to be on the fast track, with the Government according it the status of National Highway (NH).  The Government had announced the NH status for the Dwarka Expressway project in March this year, to which the National Highways Authority of India (NHAI) has given its nod in June 2016.

This 18 km expressway has been grappling with legal hurdles since last 8 years, having missed deadlines at least 6 times. NH status for the Dwarka Expressway project has brought cheers to homebuyers grappling with delayed possession or lack of basic services in projects they have moved into.

NH status for the project will ensure timely completion of the road as it will come under the NHAI control. The authority will appoint a highway administrator. Acquisition of land will also become quicker in Delhi and Gurgaon once Section 3 (d) of the National Highways Act is notified. Disputes pertaining to compensation are also expected to get resolved quickly.

Over 100 builders have projects for construction of about 1 lakh units along this 18 km expressway, which is rightly referred to as lifeline of Gurgaon. Over 60,000 home buyers have already invested Rs.60,000 crores in these under construction homes. Originally it was planned to complete the expressway before the 2010 Commonwealth Games, but it has been delayed mainly due to land acquisition and compensation related issues.

But with according the National Highway status as well as the visible resolve of the Government to complete this expressway by June 2017, it seems that the prices will now start moving in the upward direction. Projects that will benefit from the NH status are the ones near the Khirki Daula to Palam Vihar areas that comprise sectors 88, 89, 90, 102 and 105.

ROF Group, developers of the prestigious Hotel Ramada, Gurgaon Central are coming up with an affordable housing project, AALAYAS at Sector 102, in close proximity of the Dwarka Expressway. With a potent mix of latest amenities and facilities, vaastu friendly design, an assortment of many sizes and configurations, enviable connectivity, and above all the affordable price tag, the AALAYAS are bound to give unprecedented returns to the investors.

As only a few units are available in the AALAYAS, visit www.rof.co.in for getting all the details of this project with high potentials of ROI.

5 Tips for Selling Your Property at the Best Price By: Unknown No comments

Since the last few years sellers of property are finding it difficult to get appropriate price for their property on account of the real estate market being very sluggish. Moreover selling a house is not easy due to falling prices and rising inventories. Despite these negative factors, you can still get a fair price for your property if you take care of the following points:

Price Correctly

The first and foremost thing before selling a property is to price it correctly. The right price will definitely attract more buyers as cost is the main attraction as well as a big differentiator for the buyer. Both, under pricing and over pricing will be detrimental to the sale of your property. While under pricing will lower returns, while over pricing will not find buyers, especially when the market sentiment is not very favourable.

Hence, arriving at the correct price of your property will require a lot of effort in the form of doing surveys of market as well as similar properties on sale. For selling your house quickly, you can give a small discount by keeping the asking price lower than what others are quoting. This will attract more buyers.

Repair the House

The adage ‘First Impression is the last impression’ has to be taken care of as it holds good when you want to sell your property. A buyer generally gets attracted or turned away on seeing the property for the first time. Hence, a fresh coat of paint, clean surroundings, and a tidy atmosphere add immense value to your property. Minor repairs like fixing leaking faucets, broken windows, damaged stairs and chipped-off plaster can have a positive impact.

Deploy a Broker

As most of the owners are busy now-a-days, it is advisable to hire a broker who can show your property to prospective clients as well as explain its positive factors. Besides saving your time, the broker will also help you in negotiations and paper work. But before hiring a broker, it is imperative to do his thorough background check  as well as check his reputation. Moreover his fees should also be decided in advance.

Advertise Effectively

You should spread word amongst your friends, relatives and well wishers that you are looking for a genuine buyer for your property. Listing on various housing portals is also a mandatory exercise in today’s online environment. While listing on portals, do upload photographs of the property from various angles, to give a fair idea of the property to the prospective buyers. Also social media is also an effective tool for spreading the information as well as advertising due to its enormous reach. Another important thing is to give proper contact details on the real estate portals on which the prospect gets appropriate replies to his queries.

Keep Documents Handy

All legal documents and other papers relating to the property on sale should be kept handy with the seller to make the deal close faster. Apart from the sale documents, one should keep proof of prior purchases, property tax receipts and major installations in the house.

Keeping the above 5 tips in mind before selling any property, should in all probability, result in getting a good deal of genuine price, that too quite fast.

How GST will impact the Real Estate Sector By: Unknown No comments

This Independence Day the citizens of India have a got a gift in the form of unanimous approval from both the houses of parliament of the long awaited GST (Goods and Service Tax). The GST, once applicable, would make the tax process transparent as it will also reduce double taxation on many items. The Government has set a deadline of April 2017 for its roll out. Let’s see how the GST would impact the real estate sector in India.

The real estate industry is an important sector of our economy as it contributes about 7.8% to India’s GDP and is the second-largest employment generator after the IT industry. The implementation of GST is expected to solve many of the challenges faced by the real estate sector and help in ushering in transparency needed to pull out the sector from the problems it is facing since the past few years.

Presently, a buyer of property has to pay Service Tax, VAT in some states as well Stamp Duty. The Service Tax is collected by the developer and deposited with the Central Government. If you are purchasing an under-construction property, you will have to pay additional VAT (Value Added Tax) in some states such as Karnataka, Haryana and Maharashtra. Developers charge this value added tax, and deposit it with state government. Also, Stamp Duty is charged by state government, again at varying rates, for registration of sale agreement for real estate transactions.

Moreover, there are also various elements of non-creditable tax costs, like excise duty, customs duty, CST, entry tax, etc paid by the developer on his procurement side, which add to the cost of units upto anywhere between 22%-25% of its price.  The proposed GST should replace these multiple taxes with a single tax and should also ensure smooth flow of credits through the chain.

Also, under GST developers would see lesser burden of tax on input items like cement, and steel, as tax credits would be available for set off at various stages. This can lead to lower construction costs for developers across all asset classes, which could likely be passed on to property buyers. Hence, it is widely expected that GST should reduce the construction cost in the hands of the developer

However, the direct impact of GST on real estate, in terms of tax outflow for developers and consumers, will depend on the final GST rate. But one thing is certain in that the cumbersome procedures involved in collecting and depositing various taxes will be done away with and the taxation part will become highly transparent, thus helping the builders and buyers alike.

7 Vaastu Tips for a Happy Home By: Unknown No comments

The ancient Indian science of Vaastu Shastra ensures harmony and prosperous living by eliminating negative and enhancing positive energies around us. According to Vastu, every living space carries its own energy, which has the power to influence the lives of the persons who inhabit the space.

Indian Vaastu science has several remedies to ensure that a house remains blessed, without making any structural changes. Given below are 7 important tips for making your home fill with positive energy, thus exuding happiness and prosperity:

1. Nameplate – To begin with the entrance to your home, it is advisable to have a nameplate outside your door, for opportunities to trace you easily, according to Vastu.

2. Kitchen – It is advisable to have your kitchen in the South East corner of your house, if it is not possible, at least place the gas stove in the South-East of your kitchen. Also, avoid keeping medicines inside the kitchen as this attracts negative energy.

3. Mirrors – Banish all mirrors from the bedroom. If it is not possible to remove mirrors from the bedroom, at least face them away from bed or cover them while sleeping. It is said to cause ill health and discord in family.

4. Posters & Paintings – Posters of crying woman, war scene, angry person, owl and eagle are considered inauspicious, as they emanate negative energies. If you are having one of them in your home, remove it immediately.

5. Bells & Chimes – The tinkling of bells is believed to break energy patterns and help the inflow of positivity. So hang a couple of metal bells or chimes at your entrance door.

6. Water Works – Keeping a water source in the north east side of the house is said to be beneficial for financial growth. You can place an aquarium, some decorative water plants or simply a bowl of water with floating candles.

7. Cleansing Negative Energy – Place a lemon in a glass of water and change it every Saturday, to get rid of negative energy. Keep bowls of salt in several corners of your house, as it is believed to absorb negative energy.

New Development Projects for Gurgaon Announced By: Unknown No comments

In its resolve of making Gurgaon a world class city, the Government announced a slew of new development schemes, which on implementation will really convert this millennium city into a truly smart city.

The latest announcement by Haryana Chief Minister Manohar Lal Khattar, terming the program as ‘Badalti Soch, Badalta Gurgaon’, aims at improving the infrastructure of the city in sync with the growing demand due to influx of population from all across the world to this happening place.

A smart power grid has been announced for Gurgaon, which shall ensure a zero outage power supply to the city. The Chief Minister said “Within two years, there will be no power crisis in Gurgaon as a smart power grid is being developed here which will supply 24 hours electricity in the city. This task will be completed in four phases. The first phase tender process has been completed.”

Foundation stone of a six-lane road project between Mahaveer Chowk and Dharuhera has been laid. Moreover under-passes are being constructed at three major bottlenecks of the city i.e. Rajeev Chowk, Iffco Chowk, and Signature Tower, besides a flyover in progress at the Hero Honda Chowk. With these constructions, the traffic problems at the Gurgaon Expressway as well as service roads, will be eased.

The water supply of the city will be improved as an amount of Rs.20 crores has been allocated for laying new pipelines, as well as repairing and renovating the old ones. The regular power and water supply will ensure that the basic needs of this modern city are fulfilled to the minutest levels.

On the education front, the Government has allotted four vacant buildings in DLF area to the District Education Department for opening educational institutes and schools. Moreover, a women’s university will also be opened in Gurgaon.

Of late there is news of permission having been granted for construction of Metro Rail from Dwarka to Iffco Chowk, which will solve the commuting problem to a great extent.

Along with the ongoing projects, these new development projects aim at making Gurgaon a really modern place to work as well as live.

Circle rates in Gurgaon slashed – Home buyers to benefit By: Unknown No comments

Haryana Government has cut the circle rates of Gurgaon by 15%, in a bid to boost realty demand in the millennium city. This move of the state government will help home buyers to a great extent as it will reduce many taxes which have to be paid on the basis of circle rates.

High circle rates were affecting the buyers as they had to pay stamp duty as per the circle rates even if they bought a property at rates lower than the circle rates. Also, capital gains tax had to be paid at the prevailing circle rates. As a result of higher circle rates, many buyers chose to postpone their purchase, resulting in a reduced demand for property.

Although the property prices in Gurgaon decreased in a couple of years, but in the preceding two financial years the circle rates were left unchanged by the government, thus creating a negative sentiment for home buyers. This diminishing interest of home buyers resulted in a drastic decline in the number of registries, thus affecting government revenues too. This 15% cut in the circle rates of Gurgaon is expected to boost the real estate market in this corporate hub.

At this point of time, property prices are already at their rock bottom due to the correction in real estate market in the past two years. This reduction of circle rates will further reduce the expenses of the buyers as they will have to pay lesser stamp duty, registration charges and property taxes. Hence this is the ideal time for buying property in Gurgaon. Well informed home buyers have started searching for properties in Gurgaon which are available at reasonable prices.

Buyers looking to buy affordable homes can avail 1 and 2 BHK apartments in the AALAYAS at Sector 102, Dwarka Expressway, Gurgaon. AALAYAS – the affordable housing project – is being developed by ROF Group, owners of the prestigious Hotel Ramada, Gurgaon Central. The project is strategically located, has latest amenities and facilities, and above all is affordably priced.

As only a few units are available in the AALAYAS, visit www.rof.co.in for getting all the details of this project with high potentials of ROI.

8 Simple Home Maintenance Tips for Monsoon By: Unknown No comments

The monsoon rains provide the much needed respite from scorching heat as well as usher in lush green surroundings. But this season can be nightmare for your home if you are not fully prepared for the wet times ahead. You have to be very careful before the onset of monsoon to make sure that your home is not affected by long spells of incessant rains. Given below are some practical tips in this regard:

1) If you live in independent house or villa, you should do a thorough check of your roof for leakages, cracks etc. You can get minor repairs done on the roof along with cleaning and unclogging the roof gutters and the pipes to ensure that they drain the rainwater well.

2) Check the walls of your house for cracks, dampness or water rings, which can be repaired with a temporary treatment of Plaster of Paris. You can also opt for the damp block solutions to bridge cracks in the walls and avoid water seepage due to damp walls.

3) You should prune your garden and hedge to avoid the growth of weeds. Overgrown plants, grass and foliage can be a breeding ground for several pests and insects. As indoor plants tend to increase dampness in your home, it is best to put your plants outdoors during the rainy season.

4) Look for areas on your roof, front, courtyard, or any other place where water might get stagnated. Ensure to clean them up or cover them to prevent these areas from becoming a breeding ground for malaria causing mosquitoes. Also remove all sorts of empty cans, tyres etc in which water can collect.

5) If you have a swimming pool, reduce its water level, so that it does not overflow in heavy rains. All pits need to be filled up before the start of rains.

6) Deploy an electrician to check if any electric points are in the open or may be exposed to rain water. Any such exposed switches or wired should be immediately covered and water seepage fixed.

7) It is time to roll the rugs and carpets to protect them from mold and fungus that the constant dampness and increased humidity may cause. Also, you should place door mats at the entrance of the house to avoid muddy shoes making the house dirty.

8) You may move the wooden and iron furniture away from leaky windows. You can spray the furniture with waterproofing solution to ensure that the dampness does not mar its beauty. Sliding windows and balcony doors too should be checked and fixed with a rubber lining.

These simple tips will surely help you enjoy a clean, dry and disease free home. Enjoy the rains!

Why you should invest along Dwarka Expressway NOW? By: Unknown No comments

Gurgaon is by and far known to be one of the fastest growing areas of development in India. From barely being a non descript north Indian town in the vicinity of New Delhi, Gurgaon has emerged as the urbane face of India, in the past two decades. Known as the millennium city, Gurgaon is today synonymous with swanky malls, plush commercial establishments and luxurious residential buildings, and is inhabited by people from all around the world.

There is no doubt that early investors in Gurgaon have made a fortune with their investments multiplying at phenomenal speeds. But with the recession in real estate market, the prime concern in the minds of investors at thye moment is about where to invest in this city now.

One of the best avenues of investments, which promises of extremely good returns in the near future is the areas falling in the vicinity of Dwarka Expressway, especially sectors 102 to 113. With all the legal issues holding the construction of Dwarka Expressway now being resolved, coupled with the Government’s resolve of completing the pending highway projects at lightening speed, has paved the way to make this long delayed project operational within 2017.

This massive 150 meter wide and 18 kms long expressway, also known as Northern Periphery Road (NPR) serves as the second link road between Delhi and Gurgaon after the over burdened NH-8. With seamless connectivity to New Delhi and the IGI Airport, the area hosts best in the class developments by major builders of the real estate industry as more than 100 residential projects are in development stage in its precinct, projected to be home to around 42,000 families over here. Besides, scores of modern commercial towers, malls and marketplaces, schools, hospitals and other social infrastructure are coming up along with the residential areas.

Moreover, building of basic infrastructure is going on at considerable speed all over the expressway with the construction work of sewer lines, electricity cabling and water supply almost in its completion stage. The construction of Metro rail and an ISBT have also been approved along the Dwarka Expressway.

With all the elements and factors of growth along the Dwarka Expressway, the prices are still within reach of the investors, making this fast developing area one of the best places to invest in today.

ROF Group, developers of the prestigious Hotel Ramada, Gurgaon Central are coming up with an affordable housing project, AALAYAS at Sector 102, in close proximity of the Dwarka Expressway. With a potent mix of latest amenities and facilities, vaastu friendly design, an assortment of many sizes and configurations, enviable connectivity, and above all the affordable price tag, the AALAYAS are bound to give unprecedented returns to the investors.

As only a few units are available in the AALAYAS, visit www.rof.co.in for getting all the details of this project with high potentials of ROI.

Affordable Housing – Key Driver of India’s Development By: Unknown No comments

India, like most of the developing countries, is undergoing rampant urbanization. In 2001, just 28% of Indian population lived in urban areas. In the census of 2011, this percentage rose to 31%, which is projected to cross 600 million by 2031.

As more and more people migrate to cities and towns, the existing infrastructure needs to be upgraded to handle the growing population influx. Housing, being the basic need of every citizen, has to be taken care of at the first instance along with roads, sanitation and other facilities. Currently, India’s housing deficit stands at 19 million units, which is expected to double to 38 million units by 2031.

It is important to note that over 90% of India’s housing deficit is from the Economically Weaker Sections (EWS) as well as the Low Income Group (LIG). Moreover, a segment of the Middle Income Group (MIG) is also deprived of decent living spaces as they stay in too congested or very old homes.

In view of the above, India has to cater to the housing needs of this major chunk of population, which is one of the main participants of India’s growth story. Presently this segment lives in cramped, poorly constructed houses, slum or shanties, due to lack of available housing options, combined with limited income and minimal access to home finance for low income borrowers.

This is where the need for Affordable Housing arises, for which the Government has also chalked out various ambitious programs, including ‘Housing for all by 2022’. Besides providing reasonable living spaces to the working segment of society, affordable housing will prove to be a key driver of India’s overall development.

In its contribution towards nation building, The ROF Group is proud to present its Affordable Housing Project ROF AALAYAS at Sector 102, Dwarka Expressway, Gurgaon. With its excellent location, enviable surroundings, modern facilities and amenities, the 1 & 2 BHK apartments in ROF AALAYAS are bound to be the best bargain for people looking for their own home at an affordable cost starting from Rs. 12.34 lacs.

For complete details about ROF AALAYAS, you may mail at  info@rof.co.in,  or call 0124-4399399 or visit our website  www.rof.co.in .

ROF Aalayas – Affordable Housing at its Best By: Unknown No comments

As the name implies, ‘Affordable Housing’ is meant for addressing the housing needs of the lower or middle income households, or for that section of the society whose income is below the median household income. The Government of India has taken various measures to meet the increased demand for affordable housing along with some developers for constructing and providing these units.

In furtherance of the government’s resolve of housing for all by 2022, the ROF Group presents its affordable housing project, AALAYAS, at sector 102 Gurgaon, adjoining Dwarka Expressway. The ROF Group, with a history of over 30 years has delivered many projects, including the landmark Hotel Ramada at Gurgaon.

Aalayas, the affordable housing project has an edge over similar developments due to the following factors:

Excellent Location

ROF Aalayas is located at sector 102, which has close proximity to Delhi as well as to all areas of Gurgaon. Being just 15 minutes from IGI Airport, and barely 400 meters from the proposed metro station, the area is seamlessly connected by a wide network of roads including the Dwarka Expressway.

Enviable Surroundings

Besides being surrounded by many luxury housing projects of reputed builders like Emaar MGF, Adani and a mega township by BPTP in the neighborhood, Aalayas has a unique advantage of being situated opposite a green area of 800 acres, thus providing a clean environment to the residents.

Modern Facilities 

The project offers almost all modern facilities, including club house for social gatherings, sports courts and gymnasiums, as well as jogging tracks for maintaining a healthy lifestyle. The open areas are being developed as natural green gardens for a fresh feel in the area. Also, gated access and round the clock security are provided in the complex.

Sizes and Configurations

The Aalayas comprise of 1 and 2 BHK apartments in a host of sizes and configurations from 301.6 to 535.4 Sq Ft.  Another factor to consider here is that the sizes offered are of carpet area of an apartment and not the super area as in other regular builder projects.

Affordable Cost

The Aalayas are affordably priced as per Government norms, with cost of an apartment starting from just Rs 12.34 Lacs. Besides, customer friendly payment plans and loans available from various banks make it easier for any person in the lower and middle income bracket to buy a home.

With its latest specifications, modern facilities and amenities, excellent location, seamless connectivity and reasonable price, ROF Aalayas is bound to emerge as a landmark development in the affordable housing segment, thus helping a common Indian buy a home, as well as assisting the government in its mission of “Housing for All”.

India's First Pod Taxis to be Launched in Gurgaon By: Unknown 2 comments

The futuristic and revolutionary Pod Taxis are all set to debut in Gurgaon – adding yet another feather in the cap of this Millennium City.

Although the concept of Pod Taxis was discussed many times in the past, but the project never saw light of the day. Many states including Delhi, Haryana and Punjab had mooted the idea, but finally Gurgaon became the lucky city to begin this privilege in India.

What is a Pod Taxi?

Pod cars are small automated taxis suspended from an overhead network about 10 meters above ground. These driverless cars are considered ideal for densely populated areas as they need little space for building pillars.

Each pod taxi is meant to seat five passengers and can run upto speed of 60 kmph. Once a passenger gets into the pod, he can select the destination using either a touch panel or other electronic controls. Rides can take place from any stop directly to the destination selected without a break in journey.

Where will the service be launched? 

Initially, the Government has planned to build Pod PRT (Personal Rapid Transit) system from Ambience Mall (Near the Delhi border) to Badshahpur Mode at Sohna Road in Gurgaon. For the pilot route of 13  kilometers, 16 docking stations will be built. Once this route becomes operational, it will be extended, as well as new routes will be added.

What will be the cost incurred?

In contrast to other rapid transport systems the Pod PRT system costs the least. While the Metro costs Rs 300 Crore per kilometer and Monorail costs Rs 170 Crore for a kilometer, pod taxi network can be built for just Rs 60 Crore per kilometer.

Moreover, the entire investment will be made by the private company that sets up the PRT. Under the terms of the agreement, the company will recover its investment in 25 years through sales of tickets.

When will Pod Taxis be operational?

The land required for the PRT system is available with the Government and no clearances are required from the forest and environmental ministries. The Government has shortlisted companies and is in the process of inviting global bids. After the contract is awarded to the best bidder, the Pod PRT project will be on stream within the next one year.

Besides streamlining last mile connectivity, the Pod PRT system will surely prove to be a catalyst in further development of the city as well as give the much needed boost to the stagnant real estate market of Gurgaon.

Decongesting Gurgaon – New Roads of Progress By: Unknown No comments

Gurgaon, popularly known as the Millenium City, has progressed rapidly in the past two decades. With its shiny buildings, housing a whole gamut of top MNCs, resulting in a galloping economy, Gurgaon is often portrayed as a symbol of a rising "New India”.

But the residents and commuters of this world class satellite town of the national capital of India, often face a lot of snarls of traffic jams on the National Highway 8, with more traffic diverted into the city, thus jamming the internal roads too. This almost regular scenario of erratic traffic movement is encountered during the morning and evening peak office hours.

To ease the traffic flow on NH 8, as well as on the internal roads of Gurgaon, the Government has come up with plans of developing and constructing many new roads, besides the already developed Northern Periphery Road (NPR) and the Southern Periphery Road (SPR), which will be operational in a very short time.

Presently plans are afoot to construct underpasses at three major bottlenecks of Gurgaon on NH-8 – IFFCO Chowk, Signature Tower Crossing and Rajeev Chowk – besides the work being started for building the much needed flyover at Hero Honda Chowk. Moreover, the widening of Golf Course Road to 16 lanes is another effort for seamless traffic movement in Gurgaon.

The Government is now in the process of implementing two new road projects for further decongestion of this modern city for managed traffic movement.

Firstly, HUDA is planning to construct a Greater Southern Peripheral Road (GSPR) on the outskirts of Gurgaon to facilitate efficient flow of traffic from Delhi to Manesar. This proposed GSPR will begin from Mehrauli in Delhi, cross Gurgaon at Sohna Road, and finally connect with NH-8 near IMT Manesar, resulting in reduced traffic load on the NH-8 section passing through Gurgaon. The construction of this road will also benefit the new sectors developing under the Gurgaon extension plan.

Secondly, NHAI has given nod for construction of a cloverleaf interchange near Kherki Daula toll plaza on NH-8. This cloverleaf will provide perfect traffic flow by connecting Southern Peripheral Road (SPR), NH-8 and the Central Periphery Road (CPR), thus providing connectivity to Dwarka Expressway. Hence traffic will be able to move from SPR to CPR, as well as from NH-8 to CPR, without any hurdles.

 As all the above projects start taking shape from next year onwards, they will surely provide the much needed respite to residents of Gurgaon, as well as to those crossing this model city, without wasting time on the traffic snarls which are so common today.

Budget 2016 – Bonanza for Affordable Housing By: Unknown 1 comment

The budget 2016 presented by the Union Finance Minister Mr. Arun Jaitely on February 29th 2016 has been largely hailed as one which shall be beneficial for the real estate sector. Although many announcements will have positive implications for this ailing sector over a long period of time, but Affordable Housing is bound to reap great benefits very soon from this year’s budget.

The finance minister proposed total tax exemption on profits for developers who build small flats, besides service tax exemption for construction of affordable housing under state and central housing schemes. Builders will get 100% tax exemption on profits if they build apartments up to 300 sq ft in size in the four major metro cities and up to 600 sq ft in the non-metros, with a condition that these flats have to be built starting June 2016 and completed by March 2019.

Also, to make financing cheaper for first time home buyers, the FM has proposed deduction for additional interest of Rs 50,000 per annum for loans up to Rs 35 lakh sanctioned in 2016-17, where house cost does not exceed Rs 50 lakh. This move will further propel demand for low cost affordable housing projects.

In addition to benefits to buyers, the budget also proposes to increase the limit of deduction of rent paid under section 80GG from Rs 24000 per annum to Rs 60000, to provide relief to those who live in rented houses. This will help those who do not have their house, thus prompting them to go for genuinely priced affordable house.

The direct and indirect tax benefits for affordable housing is expected to catapult the smart-city initiative, as the government has also given many incentives for developing the road infrastructure too. Moreover the exemption of paying 17% dividend distribution tax (DDT) granted to Real Estate Investment Trusts (REITS), will also result in more investments in the housing sector, thus further reducing the prices of property.

These announcements will definitely assist in developing and delivering a greater number of affordable housing projects across the country, in sync with Prime Minister Narendra Modi’s vision of ‘Housing for All’ by 2022.

All You Need to Know About Investing in Real Estate By: Unknown 1 comment

Traditionally, purchasing a property in India has been mostly limited to buying a house for oneself. People used to buy homes to for financial and emotional security. But trends in the last two decades, especially in the major cities, state a paradigm shift.

Investing in real estate, now, is not just confined to the purchase of a house for self-occupation. Property, in the present times, is considered a lucrative investment vehicle, one that has high ROI. It is not just a safe harbor of additional funds anymore; it is a long term high-yielding asset.

Here is a 360 degree view on real estate as an investment vehicle:

Why Real Estate?

For the simple reason that real estate produces one of the highest returns compared to other types of investment. In 10 years, post tax returns (CAGR) of equity is about 17%, gold is 12.9%, bank fixed deposit is 5.2%, and property is 13.4%. Plus the fact that property is a tangible, usable asset. All along the years it would fetch you returns if rented.

How to Yield from Real Estate?

There are two ways to reap benefits by investing in properties:

1) Trading Properties: Property trading is purchasing a property with the expectation of selling it later at a higher amount to generate a profit. This is also referred to as “flipping”. One way is to sell it after some time just the way that it was originally bought; the other way is to refurbish/upgrade it and then sell it. The addition to your real estate portfolio is fast in case of property flipping, as the amount obtained from selling one property can be used to invest in another property (bigger/better) and the cycle thus goes on.

2) Becoming a Landlord: Purchase a property and rent it out to a tenant, is the simple procedure here. In this case, the investor can be sure of easy, monthly returns. It also becomes easier to pay monthly expenses incurred on the property as the cash flow is also on a month-to-month basis.

What is the Minimum Amount Required?

It is a myth that real estate investments require very high amounts. Prices of residential units even in Tier I cities, can start from Rs 12-15 Lakhs. For example, ROF Aalayas in Gurgaon offers apartments for Rs 12.34 Lacs, with the amount payable in installments.

Even if one plans to invest in a property of a higher value, there is the option of pooling funds from friends and family who share similar interests.

Which Type of Property?

Residential or commercial – both properties fetch returns. In the residential segment, one can buy plots, independent houses, or apartments. It is usually suggested to opt for apartments since they are easy to let out. For commercial, there are office spaces and retail shops. Whichever one may go for, it is recommended to select Grade A constructions (again, easy to rent out). Commercial properties typically fetch higher rents than residential units; however, residential units are considered safer.

Which Other Factors Should be Considered?

The following factors should be considered when buying property as an investment:

1) Location: The thumb rule of property investment is selecting the location right. The location should be well-connected or should have connecting roads under development at least. Outskirts of a city and new developing areas are potentially better locations, since they have higher value escalation prospects than saturated mid-town properties.

2) Stage of Development: Going for an under-development property will reap higher benefits – lower cost, longer life of the asset, and easy selling possibilities.

3) Term of Investment: Decide your purpose of investment first. Do you want to invest for short-term (5 years or less) or long-term (more than 5 years)? Select the location and type of property accordingly.

4) Building a Portfolio: If you already have a residential investment, go for a commercial one this time. If you have a commercial one too, select a retail option now. Multiple types of properties in your portfolio can help you compare and assess which one matches your return expectation and risk appetite best.

As Louis Glickman rightly said, “The best investment on earth is earth”. You should invest in real estate, and the right time is now. To quote T. Harv Eker, “Don’t wait to buy real estate, buy real estate and wait”.

Prospects of Real Estate in 2016 By: Unknown No comments

Will property prices go up, stay stable, or fall this year? Perhaps, this is the most persistent question in the minds of real estate investors and end users as 2016 begins.

Most of the elements which significantly contribute to the market dynamics of the real estate sector, point out to the beginning of a positive phase in 2016, resulting in picking up of sales and overall improvement in this industry. Some major pointers in this regard have been summarized below:

Realistic Property Prices

The year 2015 proved to be a turbulent year for the real estate sector, with inventories piling up with almost all developers in India. But these unsold units have forced the developers to reduce their selling prices, resulting in a correction in costs of all segments of the realty sector. Hence, it can be inferred that the bubble of unrealistic prices has burst, with no scope left for further reduction of prices, or we can say that prices are at their rock bottom at the moment. The present stable and realistic prices gives a big reason to investors for buying property in 2016, providing the much needed trigger.

Easy Availability of Funds

The rate cut of 50 basis points by the RBI in its September monetary policy review has reduced the interest rate on home loans, due to which the funds are available at lower rates.  Moreover, the implementation of the 7th pay commission will give substantial purchasing power to Government employees, with some funds flowing towards buying their first or second home at today’s genuine property prices. Also, the banks are stepping up efforts to provide easy and fast home loans.

Positive Regulatory Changes

Government has initiated a host of regulations for improving the sentiment of real estate sector. The relaxing of norms of foreign direct investments will see a surge in FDI in this sector helping in completion of projects in time. Moreover, the impending Real Estate Bill will be a means to regulate this huge industry by acting as a deterrent to those builders who get involved in unhealthy practices. The regulation will act as a protector of the buyers’ interests, prompting them to invest further, helping to jack up the sluggish demand of this sector.

Improved Market Sentiment

Prime Minister Narendra Modi’s announcement of 100 Smart Cities Mission, Atal Mission for Rejuvenation and Urban Transformation of 500 cities (AMRUT), as well as the  ambitious target of housing for all by 2022, have drastically improved the market sentiment, with every common man thinking himself close to buying his dream home.

Along with the above factors, the latest data on investment inflow, improvement in sales of unsold inventory, and proactive efforts of protecting consumers’ interests by builders, point towards a definite optimism and emergence of a positive phase for the real estate industry, as 2016 progresses.