Property Tax brings major relief to property owners

The Haryana government has rationalised Property Tax rates on buildings & land in areas under municipal corporations and simplified the calculation formulae in the state.

Earlier, property tax was calculated on the basis of Collector Rates based on current market price and with the annual increase in collector rates, the total amount of tax would increase. The high rate of property tax in major cities like Gurgaon, Faridabad and Panchkula, bothered people, forcing the government to rationalize the property tax.

The new property tax is based on the size of residential and commercial property. A slab system is set to be adopted for the property tax on industrial and commercial properties.

As per the new regulation, all the municipal corporations will be categorised into two categories, A-1 cities with municipal corporations of Gurgaon and Faridabad and A-2 cities comprising of Ambala, Panchkula, Karnal, Panipat, Rohtak, Hisar and Yamunanagar.

The owners of residential properties of up to 300 sq yard in A-1 cities, would have to pay Re.1 per sq yard. Whereas, the other four categories of sizes from 301 sq yard to more than two acres would have to pay between Rs. 4 per sq yard and Rs. 10 per sq yard respectively.

The rate for commercial space of upto 1,000 sq yd would be Rs 12. per sq yd and for more than 1,000 sq yard, it would be Rs. 15 per sq yard.

Certain areas like religious places, orphanages, alm houses, municipal buildings, cremation/burial grounds would be exempted from payment of property tax.

Source:
http://zeenews.india.com/business/realestate/latest-news/haryana-government-rationalises-property-tax_86084.html
http://www.indianrealtynews.com/real-estate-india/gurgaon/govt-mulls-major-relief-in-property-tax.html
http://www.saharasamay.com/lifestyle/real-estate/676540444/haryana-notifies-property-tax-in-gurgaon-and-other-cities.html

SARE Homes Launches ‘Club Terraces’ at Sector 92, Gurgaon

Homes for the luxury conscious

• An iconic 19-storey luxury tower with VRV air-conditioning overlooking Gurgaon’s finest 35,000 sq. ft. club
• Luxury amid 7 acres of greens – with large private terraces, luxurious lobby and more
• Part of a 48-acre integrated township

SARE Homes, an FDI developer of residential integrated townships across India, has announced the launch of its new project ‘Club Terraces’ in Sector 92, Gurgaon.

SARE Homes plans to develop this iconic 19-storey tower that will overlook the SARE club, which will be the largest and finest club in Gurgaon, set amidst 7 acres of lush, breathtaking greens.

Club Terraces offers 3 and 4 BHK apartments with VRV air-conditioning and has been exclusively designed with 3 sides open, large private terraces and French windows. Other amenities like a spacious 8,000 sq ft (743.21 sq mtr) guest lobby, recreational facilities and servant quarters having separate entrances make for a luxurious experience like never before.

 Club Terraces is unique because it overlooks a lush 7-acre green and the fact that its residents can enjoy the SARE Club. At 35,000 sq ft, the SARE Club will be Gurgaon’s largest and finest club, and has lavish offerings, like the clubhouse lobby, 4 swimming pools, modern gymnasium, indoor heated pool, billiards and table tennis room, restobar, dining lounge, library lounge, banquet hall and party lawn.

Club Terraces is part of a 48-acre integrated township that is positioned on the 60m arterial road and offers excellent connectivity. It lies on the Gurgaon growth corridor, with easy connectivity to Delhi via the expressway, metro rail and bus, and is a short 40min drive to the IGI airport.

The township itself has all amenities like shopping facilities, nursery, primary, high school, 24-hour power back-up, club house, medical facilities, adequate water supply, rain-water harvesting, organized basement/ open parking, 24-hour security, wide well-lit metalled roads and landscaped greens.

Commenting on the occasion, Mr. David Walker, Executive Director, SARE Homes, said, “After selling more than 2000 homes in our Gurgaon township, and receiving recognition by way of Industry Awards on a pan-India level, we are delighted to launch Club Terraces, homes for the luxury conscious.  SARE has a strong balance sheet and its assets in India are valued at Rs. 3,200 crores with nominal leverage. The fund’s equity is held by global institutional investors like Forum Partners and Goldman Sachs Principal Strategy (GSPS) Asia Ltd. The scale of our business will enable us to deliver best in class service to our customers and commit the resources to ensure on time delivery of our projects.”

Mr. Vineet Relia, Chief Operating Officer, SARE Homes, further added, “It gives us immense pleasure to launch Club Terraces, 3 & 4 BHK air conditioned homes offering a luxurious lifestyle. These homes have expansive 30 feet verandahs and are packed with amenities such as VRV air-conditioning and access to the SARE Club, which is set amid 7-acres of lush greens. Our Gurgaon township is strategically located on the main 60 meter road, very close to the IGI airport with easy connectivity to Delhi.”

Know more about this property here.

City pulse meets Nature

Everyone dreams about living grand. Very few get a chance to do so.

But from the moment you arrive at Club Terraces, you notice the difference. The apartments look like the breathing version of their graphic counterparts in designer catalogs. Post the successful launch of GRAND SARE Homes, Club Terraces is their latest project that epitomizes the result of the confluence of opulence and desire. This upcoming project in Sector 92, Gurgaon, is as posh as posh can be.

Offering 3 and 4BHKs with attached servant apartments, your home at Club Terraces can relish the luxury of space as well as contemporary amenities. If you're fond of strolling around your neighborhood, then Club Terraces could be the perfect escape as everything in its vicinity glows with the charisma and grace of nature. 

These apartments are designed for an exclusive few who cannot settle down for anything less than the BEST. And the best thing about the apartments is that it is as beautiful on the outside as it is on the inside. The stunning standalone tower sets the stage for an exquisite lifestyle while the vast spaces on the inside, make way for a comfort that’s lacking in our modern lifestyle. If you like to breathe in the freshness of nature and fancy the vastness of space, then good news is that the modern designed structure of Club Terraces gives your apartment 3 side openness.

We care for you and your guests. Hence the homes are designed in such a way that they give you an opportunity to take your hospitality to another level. How? Thanks to the guest lobby, a huge dedicated space for your guests on the ground floor, you will be able to host your dream parties and make your guests talk about them for days. 

But our luxurious offerings don’t end here. Adjacent to your homes are private mini terraces that overlook a beautifully 7 acres landscape and the Central Club. 48 acre Integrated Residential Development and about 35,000 sq ft ultra-modern central club house; this is what is called the mélange of both comfort and luxury. The moment you step in, we can assure that the place will begin to exert a weird fascination upon you.

Your abode will be your palace where you can feel like you are living in a wild eddy of your dreams. VRV air-conditioning with every apartment, large and spacious sunlit rooms and glass and SS railings, are a few features that will allow you to see your life glowing with the hues of the rising sun every morning and the setting sun every evening.

Located on the 60 mrt wide sector road, it’s close to Multi Utility Corridor near DLF Garden city and Commercial Business District of Gurgaon at sectors 74A/75A. Club Terraces are your answer to easy commuting because of the accessibility to Delhi via 60m/150m wide NH8 merging into Multi-utility corridor via Central Periphery road and easy access to NH-8 and Dwarka Expressway. It’s the perfect balance of city pulse meets scenic surrounding.

In a very short span of time SARE Homes, because of its quality, community-housing at strategically identified locations across India, time bound construction, timely delivery and transparent practices, has earned the trust and faith of its clients.  

SARE is in a high-growth mode and aims to double its area under development in the next three years. 

Welcome to the world of SARE Homes. This is where you leave the world behind.

Chennai property gains NRIs preference

Chennai, which is often termed as the cultural capital of India, gains NRIs preference over other metropolis. The city has been listed as the second most favoured property investment destination for NRIs by Associated Chamber of Commerce and Industry of India. According to the report industry goers feel Chennai offers a good investment platform for NRIs as the price movement here is constant when compared to cities like Bangalore and Hyderabad and hence realtors are expecting a 35% increase in the enquiries from NRIs.

A perfect 'Gateway to the South', Chennai offers its residents a rich culmination of history, arts, culture and architecture. Being home to India's longest natural urban beach - Marina Beach and Kapaleeshwarar temple that was built around the 7th century, the city has something inspirational for every soul.

It's a destination that provides fast bustling boulevards and slow lanes of Zen, side by side. Chennai has with time emerged as a peaceful city for people to attain a beautiful work-life balance.

SARE Homes has always found Chennai to be a lucrative destination for creating its planned townships. Our Chennai projects include Crescent ParC Dewy Terraces in OMR, MeadowVille in Singaperumal Koil along with 400+ Expandable Villas. SARE Homes’ townships in Chennai have access to a multitude of amenities like world-class club facility with features like fully equipped gymnasium, swimming pool, recreational room for indoor sports etc, and international standard shopping complex, school and hospital. 

Know more about these projects from here.