Dreamz Infra UGADI Special Offer on Flats / Apartments in Bangalore

Dreamz Infra is one of the popular Real Estate / Residential Construction Company in Bangalore. As UGADI Festival is most popular in Karnataka, Dreamz Infra is providing UGADI special offer with 20% additional discount and chance to win a Free Flat. HURRY! If you are looking Flats / Apartments for sale in Bangalore login to www.dreamzinfra.com

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Watch our existing customers Videos and Reviews on Official YouTube Channel Dreamz Infra Review

Dreamz Infra Home Fair Mar'2014

Dreamz GK Infra is giving big discounts on all of their projects through home fair. The home fair is conducting on 1st & 2nd Mar'14. Book you're dream home from Dreamz GK Infra India Ltd. For Dreamz GK Discount prices, please visit home fair at silk board on above dates.

Dreamz Infra Home Fair

Please visit Dreamz YouTube Channel "Dreamz Infra Reviews" for customer feedback.

Land Acquisition Bill may push up property prices by 30% - Dreamz Infra reviews on acquisition Bill

 Real estate developers say the passage of the Land Acquisition Bill could push up property prices by as much as 30% in projects where land is yet to be acquired.

The Bill, passed by the Lok Sabha recently, aims to provide higher compensation of four times the market value for land sold in rural areas and twice the market value for land in urban areas, among other benefits to landowners.

While developers agree that the Bill will increase transparency in land deals, they say the higher compensation to land owners could make several real estate projects unviable. While large projects of over 50 acres will become difficult to execute, even prices of smaller parcels of land that do not come under the purview of the Bill could double, they add.

"The process of acquiring land for projects will become tedious, especially in the case of large land parcels," said Lalit Kumar Jain, chairman of Confederation of Real Estate Developers Association of India.

Developers say the worst hit could be lowcost and budget housing projects. "The idea of low cost housing was to get cheap land. If land prices shoot up, so will the prices of the finished product," said Niranjan Hiranandani, chairman of Mumbaibased Hiranandani Group.

The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012, will replace the Land Acquisition Act of 1894. It needs clearance from the Rajya Sabha and the President to become law. Besides ensuring fair compensation, the Bill says that land acquisition for public private partnership (PPP) projects will require the consent of 70% of the landowners while private projects will need the consent of 80% of the owners, conditions that will leave little room for forcible acquisition of land. The Bill also says that if the land is sold to a third party, 40% of the profits will have to be shared with the original owners.

According to the Bill, affected "families" would include farm labourers, tenants and workers who have been in the area for up to three years before the land acquisition. Such persons will have to given a job or compensation of .Rs 5 lakh, an allowance of.Rs 3,000 a month for a year, besides other allowances as part of the rehabilitation and resettlement (R&R) package.

This means that a private company acquiring land will have to first seek the consent of 80% of the land owners before approaching the government to acquire it. Once cleared, it will have to offer an R&R package, too.

One of the amendments to the Bill allows a buyer to leas land, instead of buying, as suggested by BJP leader Sushma Swaraj. "For the real estate industry, the addition of R&R component will be a big financial burden," said Sanjay Dutt, executive managing director of South Asia at Cushman & Wakefield.

The Bill has drawn protests from developers, who maintain they always ensure full consent of the seller in any land deal. "A willing buyer and a willing seller should be exempted from the Act, as in such cases there is always 100% consent and the best market price for the land is paid," said Rajeev Talwar, group executive director at DLFBSE 2.89 %.

"Going through the government compulsorily will only add to the cost and time taken and will put unnecessary burden on the buyer. The government should rather make it easier for the private sector to operate." To insulate against any increase in land price, several developers have adopted the joint development model, where landowners and developers share profits as well as risks.

For developers, the cost of land is expected to increase significantly, impacting project cost and margin.

Source:EConomictimes

UB Towers, Raj Bhavan Road flats are costliest in Bangalore - A Review By Dreamz Infra

BANGALORE: Your dream flat in Bangalore’s tony areas is set to leave a bigger hole in your bank account.

The new market-based guidance value for property registration came into effect on Monday, pushing up the land cost by 30%-50 % in 90% of Bangalore city areas to 100% in the rest.

UB Towers on Vittal Mallya Road is the most expensive property in Bangalore, followed by Raj Bhavan Road, Commercial Street and Sankey Road.

The value of the property at UB Towers has been pegged between Rs 20,150 and Rs 20,350 per sqft. And properties on the outskirts of Bangalore North taluk cost about 1% of that – Rs 250 per sqft, making them the cheapest in the current revision.
The revision is expected to increase the government’s revenue by Rs 1,500 crore, taking it closer to the Rs 6,700-crore mark in the 2013-14 financial year.

For the first time, the registration of houses and villas in the gated neighbourhoods has been included with the guidance value that ranges between Rs 500 and Rs 1,000 per sqft.

Guidance value

Revision likely to curb black money

The final values have been published with minor changes, based on feedback from citizens, said Adoni Syed Saleem , inspector-general of registration and commissioner of stamps.

An officer in registration department said: “The revision will help augment our revenue collection, and curb black money in property deals.”

N Manjunath, a realty dealer in Yelahanka, said: “The revision is expected to have a negative fallout in the initial 3-4 months and property registrations may slow down.” The revised guidance values of properties in BangaloreRural and Ramanagara districts have also been published.

What’s new?

The revision will apply to villas, apartments and gated communities. Geographical Information System was used for the first time to determine areas that have witnessed a growth in the number of apartments. Revision has been based on locations / type of construction /amenities provided etc. The lowest value per square foot is Rs. 250 and the highest Rs. 20,350 per sqft

Effect of the rise

Property values will go up by around 30-50 per cent. Low and middle income groups will be discouraged from buying property. Developers will, naturally, load the increase on the buyers.

http://timesofindia.indiatimes.com/city/bangalore/UB-Towers-Raj-Bhavan-Road-flats-are-costliest-in-Bangalore/articleshow/21793314.cms

Reviews on Home Loan and Interest rates - A guide by Dreamz Infra

The floating interest rate for home loan

Country's economy depends on the Finance System of the common people. The rise actually affects the on the whole and mainly on vegetables, groceries and affect the price of the goods, that we use on a daily basis. The amount of increase in the purchasing power of the people leads to lifts in the loans. However, the current account deposit of rupees indirectly lifts the internal market and the amount of the loan becomes very fragile. RBI announced its first quarter credit policy in such a critical situation. The pressure on the rupee to stabilize the banks and to fill the current account deficit is expected to be limited. Nevertheless, the internal market has focused on the amount of debt that RBI lifts, all kinds of prices, as well as the options.

RBI had already taken action for the increase in the Urbanization of the banking sector, and to promote economic activity and lending activities. Despite the improved monetary policy, RBI had given its consent for the trademark. RBI has gone a step further this time and the interest on the loan is continued as earlier. This action has been taken to prevent the current lack of prevention and control inflation.

RBI had the responsibility to focus on the decrease in the value of the rupee, against the dollar that had an impact of inflation which is inevitable. RBI has promised that it would reduce the inflation rate at the end of the current year by 5%.

Repo rate (banks that obtain a loan from RBI) has been retained at 7.25%. Similarly, the reverse repo rate (RBI raising loans from banks) is also retained 6.25%. In addition to the cash reserve ratio (banks to deposit the sum in RBI) also increased. Through all of these factors, the need for banks to increase the interest rate on a loan is in front of the general consumer.

At the same time, 5.50% of GDP rate of progression of claims, is estimated to be slightly lower compared to the the last time (5.70 percent). Oscillatory state of the global economic situation will continue in the same situation and the possibility of monetary policy.

The floating rate is the best

Repo, reverse repo rate and the cash reserve have not seen a major increase in rates. So, the floating interest rate on the loan is a better choice for whoever wishing to purchase a home loan, because there is no rise in interest rates found in the current situation.RBI order to simplify the loan policy is already in step, so that the positive aspects of economic activity is likely to be found. In order to undertake further action and to improve the situation, RBI policy is likely to be further refined in the next one month.

Inflation is under control and the decline in the rupee value of a rise in interest rates play an important role with continuation of the actions taken. At the same time developers and builders as well as financial institutions are approaching the home construction and home loans are likely to field a number of new offers. Overall, the rate of interest on the bank loan is a boon for the home loan buyers and floating-rate scheme in the current situation is the best choice.

What is floating rate?

The floating interest rate is the interest rate on a loan which is not constant till the end of the loan and that may vary according to the season. The interest rate is calculated calculate on basis of index or base rate and specified for each period. The floating interest rate is more used in the loan given to the banking and large corporate sector. For example, one person has a loan of 5 lakh worth of Home loans and the interest rate will be 10% in the first six months of the period. In the next six months there could be a possibility of interest rate rising to 10.5%. Later there is a possibility of improvement in economy and the interest rate may descend by 9.2%.

Reviews on Falling Private Equity investments in Indian Real Estate

Private equity (PE) investments in Indian real estate fell 46% to about $276 million (Rs.1,638 crore) in the first half of 2013 from a year earlier, but funds worth $2 billion are still available to be deployed in the sector, property consultant Cushman and Wakefield said in a report.

The decline in investments was due to a drop in the number of deals struck during the six months—13 against 19 in the first half of last year—as the average ticket size has remained at $40-50 million, said the report. It blamed the decline in transactions on the slowing economy and the steep depreciation in the rupee, among other factors.

“Despite a slowdown in the construction market and reduced number of investible projects in India, real estate features as the fourth-most invested sector by private equity funds in the latest report,” said Sanjay Dutt, executive managing director South Asia, Cushman and Wakefield. “It has traditionally been one of the most preferred investment categories on account of buoyant demand for real estate.”

He estimated that about $2 billion is ready to be deployed in the Indian real estate sector.
“Investors are willing to invest in real estate; however they are exploring the market for right real estate projects,” Dutt said. “We anticipate that in the next few quarters, after some regulatory and politico-economic environment are regularized, the momentum in real estate will pick up throwing open more investable options for the investors.”

The total value of investments in the residential segment fell 48% to $156 million in the first half of 2013, and by 37% to $118.1 million in the office segment, the report said.
So far in 2013, the highest value PE investment was $131.6 million in Pune, followed by $67.5 million in Mumbai, $38.8 million in the National Capital Region, and $16.9 million in Bangalore.

Source: http://www.livemint.com/Companies/58gr6oLDdAj2GeqoXE2UbJ/Private-equity-investments-in-Indian-real-estate-fall-46-in.html

Dreamz Infra Social Media Reviews - A trend towards Revolution

Social Media has emerged as an trusted and cost-effective medium to sell properties thanks to the recent slowdown in demand, real estate developers have accepted this new medium with open hands.

Big names like godrej properties, puravankara group, that housing are the names who have switched towards social media over the traditional medium to market their projects, which has also led to a overall reduction of the mass-media marketing cost by over one-tenth of the total cost. Social networks like Facebook, twitter and youtube are the most prominent medium. This new medium has seen success due to the increase in smartphones users and more NRI investment on properties due to the rupee depreciation against dollar in recent times.

Tata Housing has been an major example, one of there projects in Pune named La Montana generated one-fourth of the sales was affirmed by the leads generated by a Facebook Campaign, the make it more funstional they even offered buyers a chance to experience the La Tomatina festival in Spain this August. A spokesperson of Tata Housing development Company said " We have fosused on Social Media with a broder prospect, aggresively imroving there social presence with over 25% of annual budget allocated to social media".

Bangalore-based Purvankara Group, which has hired specialist agency Yrals to manage its online activities, too plans to significantly increase social media share in its marketing spends from the current 10%, its CEO Jackbastian K Nazareth said.

The company recently had run a social media campaign, named Breakfree, where they offered waiver on Booking amount, pre-EMI, floor-rise prices and loan processing fees - adding up to Rs 62 lakh - special attractions for the users booked through their social media platforms.

Big names such as Mahindra Lifespaces, Lodha group and Shobha developers have already adopted the social media trends for brand building, employee engagement and to address enquiries from potential buyers.

Dreamz infra has also followed the suite of social media propagation in the recent times  and have active interactions and quality information posted on major social media platforms such as Facebook, Twitter, Linkedin, Youtube, Slideshare, blogs, etc...

Prefer residential greenery to soothe your senses ? Dreamz Reviewed Tips

A vegetable garden can definitely contribute to your inner peace. Once the environmental growth parameters (sunlight, water & soil) are adjusted to their optimum, you can choose between a germinated sapling and a seed based upon your gardening expertise. Nevertheless, on your first attempt, the crops that can leave you satisfied to the core are “the fast growing” radish, “the foliage exhibition” of lettuce and spinach, “the versatile” onion & “the spice king” garlic…… These easy-to-grow frequent harvests can add to your heart content by crediting nutritional values to your salad recipes.

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A Vegetable Garden at home infographic

Residential Hubs Sprout Up In The Vicinity of Outer Ring Road (ORR)

Residential Hubs

Earlier also, Bangalore has witnessed sprouting up of areas like Malleswaram, Yeshwanthpur, Mathikere and Rajajinagar into enlivened residential hubs... This rapid growth was being stimulated by the developing civic infrastructure projects like the NH4 leading to Tumkur Industrial Town and Metro Line that was under construction.

Currently, this 19.5 km long commute-way, along with 4.5 km elevated expressway, has resolved the woos of traffic congestion pouring in from the residential as well as commercial junctions connecting Tumkur, Peenya Industrial Area, also smoothening travel to north Karnataka and Mumbai, radiating to opposite directions.It is quite obvious that the realtors did not require a microscopic detailing to cite the future prospects of urban growth along this facilitated positioning. 

An increased consumer interest, inferred from footprints of 1.20 lakh commuters per day, also has helped the research by Knight Frank to conclude that the connectivity to Mumbai, as well as the availability of future industrial zones, have added to future prospects of residential growth within these areas including Jalahalli, Yeshwanthpur, Hessarghatta, Nelamangala and Jalahalli . 

Future development possibilities have also welcomed the frontiers of healthcare, entertainment and other aspects of social infrastructural developments. The advanced link with the NICE Ring Road adds to the boon.

The run towards a Dream home - Reality or Myth ?

Every now and then you will hear people speaking “few years back a decent 2BHK flat cost around 30lakh now the same flat would cost some were around 80+lakh or even more depending on the locality”. Now rising prices are not common to people in country like India, where prices fluctuate for every little political stunt or even depend upon demand and supply. Now this is hard to accept the fact that sometimes these prices change a lot more than expected and there is no control over it. This major fluctuation is not always as per the market, real estate scams & frauds, excessive commissions between builders and agent can also cause the price increase to the end consumer. 

Hurdles before you own your dream house:

Normal middle class people always have dreamt for a dream home, right from the state when they start earning. But these dreams don’t materialise for many, because by the time they would at least manage to get the down payments for a flat, the prices might have gone higher than the time, when they actually planned for a house & started saving. Home loans are been arranged now a days with many private and nationalised banks to help the cause. But the point still remains that, the huge price variations have made many prospects buyer to shelf their dreams.

Agents in between builders:

“Agents”- now this term is a very common term now a days, almost every sector irrespective of real estate sector has agents in between the selling party (builders) in this case & the prospect buyers.

Agents can be good or might cause a big hole in your pocket towards your dream home, because they tend to raise the price to the buyers while increasing their profits. This can be controlled apparently if builders try to acquire buyers themselves rather been more dependent on the agents.

Land scarcity & Increase in living costs (Inflation):

Increase in prices is what we are more acquainted with, which has become very much common now days. Government change or major economic reforms, depreciation in exports, and depreciating rupee value cause major drive to the increase in prices. Now the increase in prices not only affects the upward trend in constructed space, it also pushes the cost of construction materials. The price for a flat before construction would largely vary in comparison to a constructed flat. Though builders are coming up with excellent offers to reduce the price to lure buyers, but largely they fail to keep up with the promise and somewhere or the other buyers end up to be on the losing side.

Land Scarcity is another big problem in developing cities like Bangalore, where the prominent places to stay are either filled up or there is no space to initiate any further constructions. Either a buyer has to shell out, way to much of cash to buy a dream home at a place of his desires or rather he will have to compromise to a different place which could be either far from the city or could be in down suburbs.

Dreamz Infra towards Innovation and Making people dreams come true:

Dreamz infra one of the upcoming and most respected real estate company in Bangalore. Dreamz has always strived in making people’s dream come true by building breakthrough price challenging homes; Dreamz looks forward towards their customers with robust engineering, excellentdesign team to assist, timeline bound, and customer centric approach. They believe in complete value for money in what they build, dreamz have continuously evolved them-self in respect to their customers from the customers reviews, feedbacks & encouragement. There residential projects include affordable apartments to luxury flats with all modern amenities, they have always worked towards to keep the prices affordable by keeping up the quality with innovative aesthetics.

Customer Reviews - Dreamz Infra

Hello Visitors...

You might have come across many websites across internet regarding property news, scams & other information on Dreamz Infra Pvt Ltd.

Our motive here is to highlight few good reviews we received from our esteemed customers. We have tried to get few excerpts from different sites all at one place, which can be followed.

With the web flourishing in full bloom, many sites are coming up and searching for a definitive content has become cumbersome off late. Hence, we conceptualized to start a medium where we would track the good reviews from different sites all across the web at one place.

This review we found in one of the major consumer forum websites:

Sunanda 

I am Sunanda from Bangalore. We never had the plan of buying a flat in Bangalore, just because of the high prices they quote and we could not afford that. One day I got a message from dreamz infra about the flats and price quoting only basic price and they will say more expenses that we have to bare, fortunately I visited Dreamz one day I came to know that whatever they are quoting is all inclusive except VAT and Registration. After having long discussion with Sales team I got the clue this could be the right builder to invest in and surely we can trust these people. The land was still not registered and I was taking a big risk. I thought I don’t know what I was doing? But still I thought I will go ahead to invested with Dreamz Infra. I just made my cousin also convinced and booked 2 flats at the same time. I got all the relevant documents and as promised the land got registered. Now the construction is about to start and I just can’t wait to move in my own home.

This review we found in one of the major consumer court website:

We were referred to them by a mutual friend/client who has booked several flats with them with high reviews and results. They have helped us with a flat to a level that exceeded our expectations. We knew that in building a new home we would meet with challenges and issues along the way but these have always been rectified in a timely manner by their office staff. I would make a special mention for their CRM member who always greeted our calls in a friendly, personal manner and helped us with all the questions we had. We have high regards towards them. - By LatifTariq

Few Video Reviews:

We would regularly update this blog, keep following us for more information.