Wednesday, 10 December 2014

TDI LakeGrove Offers Great Location, Affordability, Amenities

With a stellar track record of transforming real estate in several parts of North India, TDI Infracorp, which has over 25 Years of focused experience in the real estate business, has started work on a new project christened LakeGrove. This premier residential project is coming up within the 1250-acre TDI City at Kundli. Building on its impressive credentials of having executed 5 renowned townships spread over an area of 2480 acres at Kundli, Panipat, Mohali I & II and Moradabad, and delivering over 15 million sq. ft. of built up space till date, TDI Infracorp has now embarked upon yet another challenging endeavour of developing the LakeGrove project within TDI City in this part of Sonepat, Haryana.

Located strategically on the main NH-1, right next to the soon-to-be-operational Kundli-Manesar-Palwal or KMP Expressway, TDI City enjoys excellent locational advantage. It is in close proximity of well- known residential colonies of North and North-west Delhi, including Rohini, Pitampura, Shalimar Bagh, Ashok Vihar, Model Town, Paschim Vihar and Jehangirpuri . The well-planned township also lies in close vicinity of prominent Haryana towns of Rohtak and Panipat.

From the perspective of travel and commuting, TDI LakeGrove is just a 15-minute drive from many pockets in Delhi and can fulfil the aspirations of over 54% of Delhi’s population who wish to move to a better lifestyle. As per Census data, 54% of Delhi’s population resides in North, North-west & North- east Delhi and the natural consequence of this is the increase of habitation towards the NH-1 belt in the direction of Sonepat and Kundli.

Excellent connectivity apart, the social and physical infrastructure in and around the LakeGrove project is coming up thick and fast. The location is poised for a dramatic facelift thanks to the planned development of Metro and rail infrastructure respectively. Plans are afoot to extend the Metro network up to Kundli after bringing it to Narela in the next phase of expansion of Delhi Metro. Then, as part of the Rapid Rail Corridor project an investment of Rs 40,000 crore has been planned for developing rail infrastructure for Delhi-Sonepat-Panipat and Delhi-Gurgaon-Rewari-Alwar. According to the plan, a Rapid Rail Transit System would connect ISBT in Kashmiri Gate to Sonipat and take only 20 minutes either way.

Along with quality infrastructure, planned Metro and rail connectivity and good road network, the locality in and around the LakeGrove project is fast turning out to be a major centre of higher education and research. The 5,000-acre Rajiv Gandhi Education City, within walking distance of the LakeGrove project, is slated to be the world’s second-largest integrated hub of education once it is fully up and running. It has been planned as an international hub for higher learning and research in frontier technologies like nanotechnology, biotechnology, genetics, engineering, medicine, etc.

With so much development going on and in the pipeline, real estate value in and around the LakeGrove project is set to appreciate sharply. From the customer point of view, the most delightful part of the project is that the apartments are very competitively priced, starting from Rs. 34 lakh onwards with easy loans and payment options available. Construction of the project, which was launched last year, is now progressing in full swing to facilitate delivery, which is expected to begin by the end of next year.

The TDI LakeGrove project encapsulates the company's vision and promise of offering aesthetically designed holistic urban lifestyle of high quality. To begin with, this project comprises 2/3/4 BHK high rise as well as low rise apartments designed along a unique concept of living by the lakeside. In fact, the blue water lake will be a refreshingly innovative attraction of this premier township project, adding a new dimension of luxury for the residents. 

In keeping with TDI’s well-built reputation for ensuring timely construction and delivery of superior living experience,  LakeGrove project has been conceptualized and master planned by the world renowned architecture firm - HOK Partners (London) who have  designed the T3 Terminal of Indira Gandhi International Airport, Delhi, and LAVASA, India’s largest hill city at Pune. The highlight of the LakeGrove project is that it is being built around an exclusive 4-acre lake set amidst rolling greens and sylvan surroundings. Special care has been taken to ensure that the project offers a healthy living experience in a suburban setting.  About 80% of the project has open green areas, crisscrossed with parks and play area and walking and jogging tracks for all age groups. Also, each flat of the project is designed to get plenty of ventilation and sunshine. To ensure peace of mind for its customers, all structures in Lakegrove project are earthquake resistant.

Besides, the project has all the attributes and hallmarks of the high quality construction typical of all TDI developed projects. Every wall, ceiling and floor will reflect class and quality. The kitchen, bathrooms and bedrooms will be futuristic as well as practical. The range of amenities includes 24x7 water supply, 24-hrs security with intercom facility, banquet, shopping arcades, health care centre, club house, multi-purpose hall for parties, games, yoga and aerobics, and professional upkeep and maintenance. 


For homebuyers looking to a great combination of locational advantage, affordability, and features, TDI LakeGrove offers an excellent choice of fine suburban living in a self-sufficient township located very close to Delhi.  

Friday, 5 December 2014

Things to consider before buying a property

One of the biggest investments that many people will make is in purchasing real estate. The home you have decided to purchase will therefore be a very large investment in your lifetime. To make sure that your investment is a success, you must become as knowledgeable as possible about your real estate purchase. If you don’t have enough knowledge, you may make a bad decision and purchase a piece of property that will cost you time and money. So, always do your homework before buying a property. To begin with, prior to purchasing any specific property, you must ensure you have all the information about the area that surrounds your property, availability and existence of social and physical infrastructure in the area, crime rate, planned projects, and other relevant details.  

For many average home buyers, buying a home is about the price, location and amenities like club house and swimming pool. But one should give equal importance to other aspects as well. When you are buying a flat from a developer, you have to consider two aspects. One, the title. That is, you have to ascertain whether he is actually the owner. Secondly, you need to find out if the construction is legal and authorised.


If you are buying a flat in a building where the co-operative society has already been formed, you need to ask for three key documents — the seller's share certificate, a no-objection certificate (NOC) and a letter from the society, stating that the seller is indeed the owner of the property, and there are no liens against the flat and it is free from any encumbrances.

If you are buying an under-construction property, you must go through the approved sanction plan, IOD and commencement certificate issued by the municipal corporation. Again, the key is to establish whether the builder has clear ownership of the land on which the project is taking shape. "An agreement between the builder and the original owner is not sufficient. The project also needs to have an IOD. This is a set of instructions that a developer needs to comply with so that he can legally construct the project. It is valid for one year and needs to be reissued if the project has not been completed in a year's time.

If the construction is only partly complete, you need to exercise extra caution. If you are buying a flat on say the 30th floor, while the construction has been completed only till the 15th floor, you will not get the occupation certificate as the building is still under construction. In such cases, you must insist on seeing the commencement certificate, particularly for that floor.

Similarly, projects that are in the pre-launch stage need additional scrutiny too. It is even more necessary to establish the trustworthiness of the builder, especially in terms of his track record for transparent dealings and compliance with legal formalities. So while evaluating various projects in the region, they should look at the credibility of the developer, project specification and amenities offered, to do an apple to apple comparison. While comparing different projects in an area, consumers should look at the overall cost of the house and not just the advertised basic sale prices as there are additional costs like preferential location charges, car parking,  power back charges that are charges over and above the basic sale price.  One should also go through the construction specification and project amenities in detail as they have a huge impact on selling price.

When you are looking for a land parcel or an apartment then location assumes prime importance. One should take special care to note where the project is coming up and what kind of social infrastructure would develop in the vicinity of the project. Check if there is a public transportation system being planned for the region and, most importantly, check what is the reputation of the developer in terms of construction quality and delivery of the project.  

Finding the perfect property for you can be a long process. Following op on all the important details can prove to be an intimidating thought for many. But while much time will be invested in research and inquiries about the property, the end result is worth it! 

Monday, 1 December 2014

What to check before buying a plot, apartment?


Our Channel Partner- Chopra Properties receiving an Audi for being the most Prolific Channel Partner of TDI InfraCorp.


Impact of FAR relaxation in Delhi

The Centre has enhanced floor area ratio (FAR) and ground coverage in Delhi, a move that is likely to facilitate more effective utilisation of space in the teeming metropolis.

The FAR for plots measuring 750 sq metres to 1,000 sq metres has been enhanced from 150% to 200% while FAR for plots measuring 1,000 sq metres and above has been hiked from 120% to 200%.

Similarly, ground coverage has been increased from 40% to 50% for plots of 1,000 sq metres and above while that for plots of 750-1,000 sq metres will remain at 50%, according to a statement from the urban development ministry.

"This is one more signal from the government to kickstart the economy. It is a good signal for greater urbanisation, for brownfield redevelopment of Delhi," said Rajeev Talwar, executive director of real estate developer DLF.

The government has talked about vertical developments in cities rather than going for an urban sprawl and this move will help improve utilisation of space in the city.

The statement, however, does not provide clarity on whether buildings utilising the additional FAR will be allowed to go higher than the stipulated four floors (17.5 metres) and whether there are any other conditions for utilising the additional FAR. "These kind of big plots are in areas which have relatively better infrastructure. It will now encourage redevelopment of these areas," said Amit Sarin, director at Delhi-based builder Anant Raj Industries. At an FAR of 200%, a 1,000 sq metre plot c ..


In good news for residential apartment owners in Delhi, the Urban Development Ministry has enhanced the floor area ratio (FAR).

While the FAR has been increased from 150 per cent to 200 per cent in respect of plots of 750-1000 sq mt, the same was enhanced from 120 per cent to 200 per cent for plots of 1000 sq mt and above, a senior official of UD Ministry said adding UD Minister M Venkaiah Naidu approved the proposal of Delhi Development Authority (DDA) in this regard on Monday.

The Ministry has also approved enhancement of Ground Coverage for residential areas in Delhi, said the official. FAR enhancement means proportional increase in total built-up area, which will result in more spacious rooms or floors on the same plot, depending on the ground coverage.

However, the benefits of revised FAR will go to plots of 1000 sq mt and above as the ground coverage for them was raised from 40 per cent to 50 per cent. For plots of 750-1000 sq mt, the ground coverage will remain at 50 per cent.

DDA has proposed an amendment to this effect to the Master Plan Delhi-2021 and firmed up the same after inviting objections and suggestions from the public. With land being in short supply in major NCR cities like Delhi and the demand for housing rising by the day, the increase in FAR is being considered as a welcome step.