Nirmal Lifestyle Citi of Joy Mumbai Booking Open

 Source:.bignews

  Posted: 22 Mar 2010 05:26 AM PDT

Zircon is suitably placed in the heart of Mulund next to Nirmal Lifestyle Mall within proximity to the upcoming 5 star & 5 star Deluxe Hotels and 10 mins from Mulund & 7mins from Nahur Station. The sky high tower with eminent architecture has huge two level podium parking and podium garden giving you the space you have always wanted to have. The prince of the suburbs gets yet another marvel from Nirmal Lifestyle “Zircon & Amethyst”. The project is suitably placed in the heart of Mulund next to Nirmal Lifestyle Mall within proximity to the upcoming 5 star & 5 star Deluxe Hotels and 5-7 mins from Mulund & Nahur Station. The two sky high towers with eminent architecture has huge two level podium parking and podium garden giving you the space you have always wanted to have.

Nirmal Lifestyle Zircon Location:

Location Highlights:

• On LBS Marg, next to Nirmal Lifestyle Mall – The most happening place in Mulund
• 10 minutes from Mulund Station and 5 mins from Nahur Station
• Opp Upcoming 5 star / 5 star deluxe hotels
• Connectivity to Eastern to western express highway thru Mulund Goregaon link road
• Scenic backdrop of Mulund hills
• Choice of unlimited restaurants just next to you
• Multiplex and Major Shopping brands at your doorstep

We have special home loan tie up facility with SBI, LIC Housing Ltd., HDFC and Union Bank of India.

Nirmal Lifestyle Zircon Common Amenities:

External Features

• 5 level podium
• Podium Parking & Garden with water body and club house
• 5 Hi-speed lifts with emergency landing technology
Internal Features
• Full Granamite flooring
• Jaguar fittings
• Plastic Paint
• Anodized Sliding windows
• Video Door Phone
• Separate utility space
• Internal wooden Doors with Laminate
• Black Granite Platform in Kitchen with Stainless Steel Sink
• Space for Washing Machine

Type Size & Price of Nirmal Lifestyle Zircon Mumbai Project:

Type———Size(Sq.Ft)—-Price INR(sq.ft)
2 BHK———-1026————-6355
2.5 BHK——–1125————-6355
3 BHK———-1296————-6355

About Nirmal Lifestyle Developer:

Nirmal Lifestyle, a leading property developer is identified as the front ranking property development companies in Mumbai. Having built more than 50 lac sq. ft. residential and commercial complexes, the group is a name to reckon with the real estate markets in Mumbai. While building and construction has been the core activity for the company, quality and innovation has by far been the soul for all its projects.
The group has been instrumental in promoting Mulund as a preferred destination for both residential and commercial spaces, hence branding Mulund as the “Prince of Suburbs”. Establishments in Mulund sparked thirty years ago with “Jahawar Talkies”, a renowned theatre in this corner of the city. Today, Nirmal Lifestyle has become synonyms to Mulund with its vision and unprecedented approach towards the city.

About Affinity Solutions (P) Ltd:

Affinity Consultant is a Real Estate Consultant in India operating since last 10 years. Affinity Solutions have a team of dedicated professionals with more than 10 yrs of experience in real estate services handling the entire project in India. Affinity Solutions (P) Ltd. is a paramount name among Indian real estate consultants and service providers with all leading brands likes DLF, Unitech, Jaypee, Ansal, BPTP, Parsvnath, Mahagun, Omaxe, Emaar MGF, Eldeco, Indiabulls, Amrapali, Mantri, Lodha, Indu, Kolte Patil, Ramprastha, TDI, Uppals etc.




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Four Seasons Hotels' 4 new properties in India by '15

Press Trust of India / New Delhi March 22, 2010, 13:10 IST

Microsoft founder Bill Gates- 
promoted luxury hotel group Four Seasons today

 said it will have four new properties in India within

the next five years as part of its strategy to tap the Four seasons

resurgent hospitality sector in the country.

The Canada-headquartered chain said it will add over
a 1,000 rooms to its inventory and focus both on the
leisure and business segments.

"Our plan is to have two new hotels in Bangalore and Gurgaon
and two resorts in Kerala and Jaipur by 2015.
This will add over a 1,000 rooms to our inventory,"
Four Seasons Hotel Director (Marketing) Sanjeev Shukla told PTI.

He said the properties will be built under tie ups with local
developers who will also invest in them, while Four Seasons
will manage them and give its brand name.

"After a slowdown of over an year and a half, the hospitality
sector in India is showing an upward trend with a rise in room
occupancy. We want to tap both the business and leisure segments," Shukla said.

While the two hotels at Bangalore and Gurgaon will focus
on the business segment, the resorts will cater for the leisure sector, he added.

The group started its operations in India in 2008 and 
currently runs a mid-sized luxury boutique in Mumbai with 202 rooms.

Four Seasons, promoted jointly by Microsoft founder
Bill Gates and Saudi Arabia's Prince Al-Waleed bin
Talal, currently operates 86 hotels across the globe.






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NTC to garner Rs 3,000-4,800 cr by selling Mumbai mill land

Source:Press Trust Of India / New Delhi March 22, 2010, 1:04 IST

Hoping to rake in anything between Rs 3,000-4,800 crore, the 

National Textile Corporation (NTC) today said it would sell

around 60 acres of prime mill land in Mumbai within a year.

The state-owned firm would utilise the proceeds to part- finance
its Rs 9,102-crore expansion, diversification and modernisation programme,
Chairman and Managing Director K Ramachandran Pillai said.

"We have nine mills in prime areas of Mumbai in and around Worli,
Lower Parel and Prabhadevi. The total area of these mills is around 60 acres.
We will sell them in phases and the entire process will be
completed within a year," Pillai said.

The price of land in these areas of the country's financial capital could
be in the range of Rs 50-80 crore per acre, he said, adding, however,
that it would all depend upon the size and location of the mills.

Going by the previous experience of the firm, the mill lands
might fetch NTC even more money. In 2005, a NTC mill-land
at Worli was sold at 274 per cent over and above the reserve price.

"We take advice from leading real estate consultants for selling
of the land and this time too there will be no exception.
We will issue tenders and the highest bidder will get the land.
The tendering will start from April onwards," Pillai said.

As part of the firm's modernisation programme, NTC had
identified 24 mills for upgradation and has completed the work
on 18 of them with an investment of Rs 800 crore.

"We will go for further modernisation depending on resource
generation through the sale of assets. We have taken the
in-principle decision. The investment towards this is yet to be
earmarked," Pillai said, adding that the three new plants of the
company would be up and running in the next financial year.






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Big ticket land deals end 18-month break

Source: Bs/Raghavendra Kamath / Mumbai March 22, 2010, 0:23 IST


High-value land deals are back in the country’s commercial

capital after an 18-month break. The first two-and-a half 

months of this year have already seen developers, with

more cash at their disposal from rising home sales, 

close half-a-dozen deals worth Rs 4,000 crore.

Three large property deals have already been finalised
this year in Mumbai. The largest among these is the bid to
develop a 250-acre plot in Kharghar (Navi Mumbai) for
Rs 1,530 crore. The deal was won by a consortium of Bhushan
Steel and Subhash Chandra’s Essel Group from the City and
Industrial Development Corporation of Maharashtra (Cidco).

This is the biggest land deal in Mumbai for the past 18 months.

Soon after came a Rs 571 crore deal by the
Wadhwa group to buy 18.18 acres in the Ghatkopar
suburbs from Hindustan Composite, and Sheth Developers
bought Golden Tobacco Company’s property in Vile Parle for Rs 591 crore.
 
Source: Company announcements

More mega-deals are expected. For instance, sources said
Jet Airways, which bought land in the Bandra Kurla Complex,
for Rs 826 crore around two years ago, is close to signing a
deal to sell the land in a joint development project.

Despite facing setbacks in land auctions in 2009, government
agencies like the Railway Land Authority (RLDA),
National Textile Corporation (NTC) and Mumbai Metropolitan
Region Development Authority (MMRDA) are planning to auction
their land this year again.

NEW GROUND BREAKERS
Buyer	Seller	Amount (Rs cr)	Land size (acres)	Area
Bhushan- Essel Group	Cidco	1,530.0	250.0	Navi Mumbai
Sheth Developers	Golden Tobacco	591.0	N A	Vile Parle
Wadhwa group	Hindustan Composites	571.0	18.8	Ghat- kopar
Source: Company announcements

Leading the pack is RLDA, which managed to sell only one plot l
ast year due to the property slowdown. In the next financial year
starting April, the authority is planning to raise around Rs 4,500 crore
from selling 25 sites covering 172 acres.

“Overall participation from developers has also improved,'' confirmed
P D Sharma, member, planning and infrastructure, RLDA, the nodal
agency for developing surplus land of Indian Railways.

He said RLDA received 20 requests for qualification (RFQ) from
well-known developers for its Sarai Rohilla plot and 14 expressions
of interest (EoI) for the Bandra land. RLDA is having to re-auction
the Sarai Rohilla plot because the previous winner could not pay the bid money.

Though NTC's last attempt to sell its Finlay Mill in Mumbai to the
Lodha group is yet to materialise, it is planning to sell two or three
more defunct Mumbai mills to developers.

Bolstering the upsurge in demand for commercial land is the rise in
home sales. After a 25 to 30 per cent drop from their peak, home
prices have gone up 15 to 20 per cent in the last nine months as
demand returned to the residential market.

“Finished product (home) sales have gone up. As a result,
developers are willing to pay higher prices and buy land now.
They would not have paid such prices a year ago when home
sales were low,'' said Anuj Puri, chairman of global property
consultant Jones Lang LaSalle Meghraj.

“Developers’ liquidity positions are certainly better now than
a year-and-a-half ago. We are seeing a lot of non-banking finance
companies and mutual funds lending money to developers now,''
added Parry Singh, managing director of Red Fort Capital, an
India-focused realty fund.


Most land buyers in Mumbai are planning to build premium
residential apartments to make the most of their expensive investments.

“Today an average product does not sell. Only good products
by good developers sell. A lot of developers are stuck with title
issues, poor sales and so on,'' said Vijay Wadhwa, promoter of
Wadhwa group.

Wadhwa has already pre-sold 0.5 million square feet
out of 1.6 million sq ft of built-up space in the Ghatkopar
residential project and Sheth Developers is planning
premium residential apartments on its newly acquired land.

DLF, the country's largest developer, recently changed its plans
to build an office-cum-retail complex into a high-end residential
complex in Lower Parel because commercial rents have fallen sharply.

DLF bought the 17-acre Mumbai Textile Mill land 

from NTC for Rs 702 crore in 2005.

Puri says developers’ interest and ability to pay have also
improved because the floor space index (FSI), the amount of
construction permitted on a given plot of land, is increasing in
Mumbai. Though the base FSI is 1.33 in the Mumbai suburbs,
re-development projects on defunct mill lands, slums and so on get a higher FSI.

This time, however, the revival in land deals is marked by
caution. This was evident at the MMRDA's recent land auction
when none of the developers turned up because the agency's
quoted price of Rs 3 lakh a square metre was considered too high.

“Though markets have revived, deals are being closed only
at reasonable levels. There is money to be made but
developers have realised that they need to be cautious,'' said Red Fort's Singh.

Developers such as Wadhwa group who bought expensive
land parcels, say they are focusing on executing their current
projects than buying new land.

Private equity funds are also equally cautious.
“Though we are looking at property deals actively,
we are focusing on those in which risks have been
taken out and proper approvals are in place,'' Red Fort's Singh added.






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