DLF The Summit Gurgaon

DLF Ltd. presents its new residential project DLF The Summit in Gurgaon. DLF is one of the leading Indian real estate developer. The Summit Gurgaon a magnificent complex is ideally located at a premium address in Phase V of DLF City, Gurgaon, Haryana. Surrounded by posh neighbors such as The Aralias, The Pinnacle, The Icon, DLF Westend Heights, South Point Mall and the DLF Golf and Country Club, it offers an address everyone would love to own. From a breathtaking exterior to comfortable interiors, each apartment in The Summit is designed keeping in view the superior taste of those who never settle for anything less than the best. The Summit has three Blocks with air conditioned apartments along with 19 floors to each block. The apartments are spacious with an area of 2,950, 3,300 and 3,500 square feet with 4 Bedrooms, Powder and Washroom, Storage Space, Servant Room, etc. The apartments have imported marble in the living and dining room, and wooden laminated flooring in all the bedrooms. The project has 100% power backup facility. To make it a complete world for you, the surrounding areas of the DLF City Township also comprise social infrastructure in the form of shopping malls, multiplexes, community centers and recreational facilities (like DLF City Club), educational institutions, hospitals and hospitality services.

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DLF The Magnolias

DLF Ltd. presents its new residential project DLF The Magnolias in Gurgaon. DLF is one of the leading Indian real estate developer. "THE MAGNOLIAS", The Luxury Homes from DLF Gurgaon. The "Special-By-Invitation’’ allotment enables the owners to live amidst a community of like-minded residents – a community that appreciates quality living, fine tastes and refined lifestyles. The complex is located inside the DLF Golf Course Gurgaon, Haryana and every apartment faces the proposed "9-Hole Golf Course" spread over approximately 60 acres of land. An extension to the existing "18-Hole Golf Course", residents of "The Magnolias" have the benefit of a panoramic view of the main course as well.Considering the exclusivity and pricing of "The Magnolias" (pricing starts from 6.23 crores onwards.), this project caters to a very niche segment of society. These apartments are being offered as "bare-shell" apartments, which gives an opportunity to the customers to build and design the interiors in accordance with their own taste and style. However, DLF does provide its exclusive customers the option of providing a finished product at an extra cost. "The Magnolias" is a self-sufficient complex with all modern amenities like an exclusive club with swimming pool; steam and sauna facilities; tennis and squash courts, and other leisure and fitness facilities. The project also conforms to all safety standards like fire fighting systems, access control cards, CCTV and the building structure is totally earthquake-resistant. Construction work on the project has already commenced and will be ready in the next 2 years. The construction is being done by DLF Laing O'Rourke – a JV partnership of DLF with its UK-based partner, Laing O'Rourke. We have very few apartments available for sale. These will be sold on request after verification of personal data of the applicants.

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DLF Express Greens Gurgaon

DLF Ltd. presents its new residential project DLF Express Greens in Gurgaon. DLF is one of the leading Indian real estate developer. "Express Greens I & II" -The latest offering from
DLF, From the series of mid segment Premium Projects launched recently. DLF Express Greens is strategically located around ½ kms from NH-8, Gurgaon, Haryana.It has a combination of three bedroom + servant room with storage space and four bedroom + servant room with storage space. The size of 3 bedroom apartment/flat is 1760 sq.ft. and 4 bedroom apartment/flat is 2125 sq.ft. and cost is in the range of Rs 46 lacs to 69 lacs. Each tower has G+23 floors with all modern facilities like Club House, with Multi-purpose Room, Change Room and Gymnasium, Swimming Pool and Library and 100% Power back-up in each apartment. Key distances of Express Greens from the following milestones are:- * Around 7 kms from Haldiram * Proposed Metro Station in very close proximity - around 1 km. * 1 Km from Industrial Hub i.e. IMT Manesar * Around 4 ½ kms from the Proposed ISBT
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DLF NEW TOWN HEIGHTS, Gurgaon

DLF Ltd. presents its new residential project NEW TOWN HEIGHTS in Gurgaon. DLF is one of the leading Indian real estate developer. Excellent housing opportunity from DLF after a long time in the price range of Rs 45-75 Lakhs (approx), in the National Capital Region(NCR). DLF now brings quality living and contemporary lifestyle at NEW TOWN HEIGHTS Gurgaon, a residential project in Sector-90, 91 & 86 Gurgaon, Haryana. A truly integrated township in new Gurgaon, Haryana that is well-connected from NH-8 and Manesar. A reflection of novel architecture, pleasing aesthetics and impressive designs, NEW TOWN HEIGHTS are 3 & 4 bedroom apartments/flats with attached balconies, store room, powder toilet and servant room. The built-up area is between 1845 sq. ft. to 2630 sq. ft. having rich specifications like imported marble / vitrified tiles in living dining passage and lobby within the apartment, laminated wooden flooring in bedrooms, Granite / Marble counters in Kitchen.

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DLF Park Place Gurgaon

DLF Ltd. presents its new residential project DLF Park Place in Gurgaon. DLF is one of the leading Indian real estate developer. DLF Park Place is set amongst one of the best addresses – DLF City, Phase V, Gurgaon, Haryana in close proximity to DLF Golf Links. Its Structure is designed for highest seismic considerations for Zone-V, against Zone-IV as stipulated by the code, for better safety. Has an easy access from a 60 meter wide Sector Road – connecting
Delhi and Faridabad on the one side and Sohna and Jaipur on the other, through a 24 meter wide boulevard to avoid any congestion in the future. Located at a close proximity to DLF Golf and Country Club Gurgaon, it is only at a 14.7 km drive from the Indira Gandhi International Airport, Delhi. An "open-layout” with buildings being placed in a manner that there is no overlooking and most of the apartments enjoy the views of structured landscaping. Choice of "3 Bed Rooms + Servant Room" and "4 Bed Rooms + Servant Room" apartments. Airy and well ventilated flats. Compact design/efficient layout with minimal common areas within the apartment. All bedrooms with attached bath. Balconies with most of the living spaces and a utility balcony with kitchen. Air Conditioned Apartments & Controlled Environment. Two Passenger and one Service Elevator per core.

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DLF The Belaire Gurgaon

DLF The Belaire - DLF Ltd. presents its new residential project The Belaire in Gurgaon. DLF Ltd. is one of the leading Indian real estate developer. Drive past the splendid DLF Golf Course in Gurgaon, Haryana to reach The Belaire, which is approximately 14 km from the Indira Gandhi International Airport, Delhi. The Belaire has some of the finest amenities and promises luxury. Exclusive Address in DLF City Phase V Gurgaon. Centrally Air Conditioned Apartments. Luxurious specifications including Jacuzzi, Modular Kitchen, etc. Earthquake-resistant structure catering to Seismic Zone-V as against the requirement of Seismic Zone- IV, which is applicable. Gated community – Secure and Safe. Sprawling Greens – Serenity all around. Ideal location with good connectivity on both sides of the complex. Part of the prestigious Phase V of DLF City Gurgaon. Integrated Club facilities including indoor and outdoor sports and entertainment with Mini Home Theater and Recreational facilities. Adequate Parking.DLF Ltd offers 4bhk apartments/flats. Apartments in The Belaire are in the price range of Rs. 2.1 to Rs. 3.3 crores. DLF offers an attractive payment plan which includes a down payment discount of 9% on the sale value.

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DLF Capital Greens Delhi

DLF Ltd. presents its new residential project DLF Capital Greens in New Delhi. DLF is one of the leading Indian real estate developer. DLF Capital Greens is located at Shivaji Marg, New Delhi, right in the heart of the city. Moti Nagar Metro station is at a distance of 1.5 km from DLF Capital Greens. The site is also well connected by road. It is located at a convenient distance of 2.5 km from Outer Ring Road, Raja Garden and Shadi Pur Bus Terminal. DLF Capital Greens is an integrated township with facilities of club, sports, offices, shopping complexes malls, schools and many more. The project offers a built-up area between 1200 and 1525 square feet for constructing 2/3 bedroom apartments/flats. DLF is planning to present 500 to 600 of such apartments in the first phase of construction. Several high rise buildings with each having 26-28 floors will comprise the entire residential area, which has an expanse of 31 acres.

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Residential real estate – To Buy or Not To Buy

Low interest rates coupled with falling real estate prices are presenting a buying opportunity to the end user both in residential as well as in commercial Indian real estate market. Residential Indian real estate market has seen lot of action in last couple of months. Most of the developers have recently launched and successfully sold their units in affordable housing segment.

New residential projects were mostly launched in Tier1 & Tier 2 cities. Most of these new residential projects got sold within first few days of booking. Developers collected a good percentage of money even before the construction had started. That would help them to fund part of the new construction.

Only worrying factor in the market is about the schedule deadline for the completion of the projects. Since most of the Developers had ran huge debts and big inventories due to recent economic meltdown, it remains to be seen whether these developers will adhere to the deadlines.

Although most of the leading developers have raised money from the market through equity sale or QIP to service part of their debts, it would be interesting to see how they use this fresh liquidity. Experts are hoping that the money raised by selling units from fresh projects is ploughed back in those projects and not in servicing their debts.

There is another twist to real estate revival. Some experts are debating whether the real estate revival is due to end users or due to investors, who are looking to make some quick gains. According to experts lot of new residential projects that got sold within first few days of their launch were in fact picked by investors. With market sentiment improving, investors are ready to cash in before the prices further inch up.

Experts may keep debating this fact, but for property developers it might be early Diwali. Hopefully!

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Delhi Real Estate Scenario

Interest in Indian real estate sector is back as can be seen seen by new project announcements from Developers. With prices being stable and developers and builders concentrating on affordable segment of the housing sector, investors of all kinds are lapping new projects. Big players like
DLF & Unitech have already improved on their market share by making affordable housing projects.
DLF successfully has sold out their latest project in West Delhi.

Delhi is also seeing some activity in real estate markets, both in rental space as well as from end user. Property rates has recovered by around 20% from their fall, but are still about 40% down from their peaks. For the end users it is the best buying opportunity, since it is possible to negotiate with the sellers. As the sentiment in the market improves and various projects like Metro connectivity to NCR gets completed, prices are bound to increase, thus reducing the chances of bargaining. Rental values of flats and apartments have also risen. Since the demand for rental houses has grown so has the rental values.

Some parts of Delhi, like Mayur Vihar & East of Delhi are the biggest beneficiary of Commonwealth Games & Metro layout. These are the areas where the maximum action is taking place. Real estate rates have almost doubled here in last one year and so have the rental rates. South Delhi was always on the higher end of the prices when it came to real estate. During the recent meltdown of property rates, South Delhi was one of the worst affected areas. But the scenario is changing now. Sellers with reasonable demands are able to find buyers.

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DLF & Unitech back in business

India's two leading realty companies,
DLF and Unitech who had some serious liquidity problems because of recent global financial crisis are in the process of overcoming them. Both Unitech and
DLF have raised substantial sum through qualitative institutional placement ( QIP ) route. DLF also resorted to stake sale by selling a certain percentage of their share holding in the company.

Both these companies are in the process of restarting some of their projects which were put on hold because of liquidity crunch earlier. Unitech has restarted construction in three residential projects located in Dadar & Chembur. Unitech has also started the pre-sale process for those projects. According to company sources prices would be lower than the present market rates and also they have many slum redevelopment projects in the pipeline.

DLF has restarted construction activities in Lower Parel, Mumbai. DLF had bought this land for Rs 702 crores in 2005 from NTC. DLF had earlier planned a retail cum entertainment centre at this place but are planning to have commercial establishments there.

Official spokesperson for DLF did admit that the work at NTC mill had stopped for some time for some reasons. DLF had earlier brought in $800 million through a share sale. Both Unitech and
DLF has said that they would be focusing on affordable housing which will bring revenue to the respective companies and reduce their debts in their balance sheets.

Unitech’s net debt will come down to Rs. 5,000 crore , following an infusion of Rs. 2800 crore into the company through a private placement of shares. Unitech has been raising funds from the beginning of this year to improve the cash flow of the company and reduce its huge debt.

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Indian Real Estate Turnaround - Reality or Hope

The Indian real estate sector which has been badly hit by recent stock market crash and bad global cues, may be seeing some glimmer of hope for the first time in about a year, after two of its biggest names DLF Ltd. and Unitech managed to raise cash by way of equity sales in recent weeks. Promoters of India's largest real estate companyDLF sold a 9.9% stake to raise Rs 3890 crore last week, while Unitech closed a QIP to investors raising Rs 1600 crore in April. The fund-raising by DLF promotors and Unitech shows the improvement in general sentiment towards real estate.

Unitech MD Mr. Ajay Chandra says that even now no company in the sector could possibly come out with an initial public offer for at least another year, although a couple more QIP's may get done. “There is a decent appetite for QIP's among investors.” he added.

According to some experts “recent successful transactions by DLF and Unitech do not necessarily signal a total revival of the sector”. As per them there was no overwhelming interest among investors for Indian real estate and recent two cases were more a case of smart money shifting from low yield bonds to high yield equities with the risk of bankruptcy having receded.

Investors are also cautioning against assuming a recovery for the sector, which was tipped into a downward spiral in Feb last after IPO of Emaar MGF failed to take place. The last 12 months has been painful for the sector as the prices kept plunging and access to funds dried up. A combination of high interest rates and high property rates kept buyers in wait and watch mood. Weak economic foresee forced corporates and retailers to freeze expansion plans, adding gloom to already desperate situation.

Borrowing costs zoomed and private equity dried up, leaving many realty firms that had piled up large amounts of debt to fund their land buying spree in boom years with little cash to service that. It was the Reserve Bank of India's decision to allow restructuring of commercial real estate debt that saved many companies from defaults and bankruptcy.

Not all companies will be as fortunate as DLF or Unitech. Small realty companies will struggle for funds. For those companies, the solution could come in the form of private equity, but when, that is the question. If we look at stock markets, some realty stocks that tumbled 70% to 80% from their peaks, have seen some recovery in past few months. For example DLF has more than doubled since February. Best hope for revival of real estate sector can be improved global situation, fall of interest rates and fresh risk appetite of investors.

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Is Liquidity back in Indian Real Estate ?

With a stable government at the centre and bulls back in stock market, suddenly there seems to be no problems of liquidity. Indian Real estate stocks finally are back on radar of investors. Most of the stocks in the real estate and infrastructure sector have doubled from their recent lows. Corporate India's outlook has turned positive.The projects they had shelved after the global economic slide due to lack of liquidity are back on their agenda.

Restructuring of debt and focusing on new target base like small and affordable housing units has helped many realty companies to shore up their sagging bottomline. Companies like DLF and Unitech has lowered their prices to generate sales. DLF and Unitech were successful in raising money from the markets. Another real estate company India Bulls has also announced that they are going to raise money from markets. According to market experts “stable government with less volatile stock markets should open new avenues for raising funds, especially for real estate and infrastructure sector”.

Representatives of various banks have come on record to say that banks have surplus funds to meet the demands of companies to invest in infrastructure projects. But lot depends on government action in next couple of months. It is very important that government gives due importance to infrastructure by starting more infrastructure projects. It is estimated that about $700 billion worth of investments will be channelled to improve India's infrastructure. The thrust on infrastructure is also important from the point of job creation.

It seems that election results have given new impetus to markets. Sentiment has improved which has given a lot of confidence to retail investors as well as to the Corporate India. If macro economic conditions improve and government is able to control fiscal debt, spending power of consumers is bound to increase. Demand for housing projects would be back and that would mean early christmas for real estate companies.

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