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.

SARE Homes excels at Estate Avenues Awards 2013

SARE Homes has yet again proved its grit in the real estate sector at the recently concluded Estate Avenue's United Provinces Awards 2013.

SARE Homes won three awards at this prestigious event, namely ‘Best promising project of the year’ for Petioles, Gurgaon; ‘Integrated township developer of the year’ and ‘Emerging Developer of the Year’. On top of that, a special ‘Professional Leader in Real Estate sector’ was also awarded to Mr. Vineet Relia, Chief Operating Officer, SARE Homes for his contribution to the sector. The awards were organized by Estate Avenues, the leading real estate monthly published by SS Media House.

The proud winners were chosen, subsequent to an extensive and rigorous selection out of the real estate developers. The eminent jury for Estate Avenues Awards 2013 consisted of Carlos Jimenez Aguirre, Chief Economic & Commercial Counselor Spanish Embassy in India, Dr. Anil Kumar Sharma, President of CREDAI-NCR, Col. (Veteran) Prithvi Nath, VSM, Head North NAREDCO, Dr. P S Rana, Chairman Bostan TCS, Former Chairman and Managing Director (HUDCO), Mousumi Roy, Real Estate Head FICCI and many other distinguished luminairies. Winning these awards is an acknowledgment of SARE's performance in India and its zeal to deliver best-in-class service to its customers and mobilize resources to ensure on-time delivery of its projects.

Winning these awards is an acknowledgment of SARE's performance in India and its zeal to deliver best-in-class service to its customers and mobilize resources to ensure on-time delivery of its projects.

Estate Avenues' United Province Awards is an annual award which felicitates the contribution of Real estate companies. The Awardees were chosen after a rigorous selection of developers from Northern region. The event held at Eros Hilton Hotel on September 1, 2013 was attended by the stalwarts and gentries of the real estate sector.

A panel discussion, namely Manthan, was also organized which saw Mr. Vineet Relia sharing his thoughts, vision and ideas on topics such as illegal sand mining, concept of mixed use development and the role of private developers in providing low-cost housing to its fellow citizens.

Commenting on the occasion, David Walker, Executive Director, SARE Homes said, “It is indeed a joyous moment for us! We have always strived to provide the best value proposition and unique concepts through our products which have been appreciated by all our home owners.”

Vineet Relia, Chief Operating Officer, SARE Homes further said, “These awards give us immense confidence to develop housing units for people with taste and aspiration. Having executed projects across the country has helped us gain immense knowledge and expertise. We will continue to walk the path of offering a range of residential homes and providing a variety of lifestyle choices for our customers. We will always endeavor to live up to our loyal customer's expectations.”

The award function was preceded by United Provinces Real Estate Expo 2013 which focused on real estate developments in the United Provinces zone, a regional identity formed in 1902 British India by merging two major British India administrative units – Agra & Oudh. The United Provinces included Modern UP, Uttrakhand, Delhi, Haryana, and parts of Rajasthan & Madhya Pradesh. 

SARE Homes launches The Grand in Sec 92, Gurgaon

We have been known to provide quality community housing at strategic locations in India and are now all set to offer a grand 5-star lifestyle with the launch of 'The Grand' in Sector 92, Gurgaon.

Developed as part of the newest phase of its mature 65-acre integrated township SARE Crescent ParC, The Grand consists of 23-floors of elegance in the form of 3-&-4 BHK air-conditioned apartments, with opulent lobbies, concierge services and grand terrace balconies that are perfect for hosting quintessential parties.

Available in sizes ranging between 1,853 and 2,280 sq. ft, all apartments at The Grand are centrally air-conditioned and equipped with sophisticated individual zone-control (VRV System). These apartments are priced in the range of Rs 97 lakh – 1.19 crore.

Step into the world class amenities at The Grand, which offers an 18,000 sq. ft. 5-star luxury lobby, with two 23-storey high atriums, elegant reception areas with billiards tables, landscaped sit-outs, a coffee shop and several other thoughtful conveniences including kids entertainment options.

Residents can unwind in the serenity of The Grand’s 25,000 sq. ft. rooftop terrace which offers facilities including a relaxation deck, jogging track, herbal garden, star- gazing observatory and meditation centre.

While the basic sale price of these apartments is Rs 5,650 per sq ft, we are offering an inaugural discount of Rs 400 per sq ft. You can also look forward to a milestone-linked payment arrangement at The Grand, that's an indication of our commitment to strictly adhere to delivery deadlines.

As per the milestone linked payment plan, you will require to pay only 20 per cent of the sale price at the time of booking apartments. This will amount to Rs 12.5 lakh for a 3- BHK apartment and Rs 15 lakh for a 4-BHK apartment.

Mr David Walker, Executive Director, SARE Homes assures, “At SARE, we are fully focussed on developing homes that offer our customers a distinctive lifestyle and make their dreams into reality when they start living here. The homes are designed to match the lifestyle needs of modern home buyers, provide them with the latest conveniences and amenities, by which they can truly experience a luxurious style of living.”

One of the most exclusive features of The Grand is that it will be home to Gurgaon’s largest and finest Residential Club, spanning 35,000 sq. ft. It will offer you luxuries such as a party/Banquet Hall and Party Lawn and a pre-function area as well as stellar amenities - creche for resident’s children, a cafeteria on the ground floor, a restobar, cards room and library on the first floor, a state-of-the-art gymnasium, indoor heated swimming pool, outdoor swimming pool with kids pool, squash court, billiards & table tennis room, 2 outdoor badminton courts, an outdoor lawn tennis court, a skating rink and an amphitheater.

Strategically located at the Gurgaon growth corridor, the township is a part of the NCR - home to multinational IT/ITES, automobile and manufacturing companies. You will enjoy superior connectivity to Delhi via the Expressway, Metro, Rail and Bus services. The Grand will adjoin the proposed mega SEZ in NCR and you will have convenient access to an arterial 60-meter wide road. What's more, you will be just a 40-minute drive from the IGI Airport. The project is also situated at close proximity to the Dwarka and KMP Expressways as well as industrial hubs such as IMT, Manesar.

The Grand will present you a global lifestyle consisting of uninterrupted power supply, 24x7 multi-level security, wide and well lit inroads, landscaped paths, shopping, educational and medical facilities and several other modern amenities for your ultimate satisfaction.

SARE Homes shines at Realty Plus Awards 2012

         

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• “Residential Property of the Year”– Petioles, Sector 92, Gurgaon
• “Affordable Housing of the Year”  - Ebony Greens, NH-24, Ghaziabad
• “Emerging Developer of the Year” South – Dewy Terraces, Chennai OMR and MeadowVille,   Chennai GST 

New Delhi, March 30, 2012: : Emerging as the new leader of real estate sector, SARE Homes (South Asian Real Estate) has yet again proved its mettle in the real estate sector, at the recently concluded Realty Plus Excellence Awards 2012 – North, in New Delhi. SARE Homes won three awards at this prestigious event, namely ‘Residential Property of the Year’ for Petioles in Sector 92, Gurgaon and Ebony Greenson NH-24 in Ghaziabad has received the award for ‘Affordable Housing of the year’.In addition to these prestigious honours, SARE Homes has also received ‘Emerging Developer of the Year’ (South) for both its projects Chennai namely Dewy Terraces on OMR and MeadowVilleon Koltahur GST in Chennai. The awards wereconducted by Realty Plus, the leading real estate monthly published by exchange4media Group.

Winning these awards in the North and South regions is testimony of SARE's performance on a pan India level and its capability to deliver best in class service to its customers and commit resources to ensure on time delivery of its projects.

Realty Plus Excellence Awards (RPEA) is an annual award, which felicitates the contribution of Real estate companies. The event held at The Metropolitan Hotel on 21st March, 2012 was attended by the luminaries and who’s who of the sector.

The Awardees were chosen after a rigorous selection of developers from the entire Northern region. The different categories that were awarded were spread across Developer of the Year Awards (Residential, Commercial and Retail), Select Achievement Awards and Popular Choice Awards.

The Awards event was preceded by a conclave on the topic 'Three-point wish- list for Realty 2012', which also saw, Vineet Relia, Chief Operating Officer, SARE Homes, sharing his thoughts, vision and ideas for the industry.

Speaking on the special occasion, Mr. David Walker, Executive Director, SARE Homes said, “It indeed is a proud moment for us! We have always made an attempt to provide value for our customers and will continue to strive to provide to fulfil their dreams. We have already developed 7 integrated projects in major cities in India namely – Gurgaon, Chennai, Ghaziabad, Amritsar, Indore and Navi Mumbai which represent approximately 35.6 million sq. ft. of developable area. We aim to double its area under development in the next three years”.

Mr. Vineet Relia, Chief Operating Officer, SARE Homes said, “Housing projects such as ours are the need of the hour and understanding this fact, we have developed such projects for potential customers. With these awards, we are more enthused to provide the best product for our customers. We are also happy inform that our customers have already got the possessions of homes in the first phase of Ebony Greens and the sales are getting even stronger in the other phases”

Mr. Vikram O. Datta, Director- Marketing and Sales, SARE Homes said “SARE Homes has sold more than 2000 homes and delivered more than 1000 homes till date. Our projectsare focused on middle income housing and we are happy that our projects have been liked by the customers and seeing the response we have recently launched the third phase of Ebony Greens and we are launching new phases at Kolathur and Ghaziabad also.”

Presently, SARE Homes has invested in 7 integrated projects in Gurgaon, Ghaziabad, Navi Mumbai, Chennai, Amritsar and Indore which represent approximately 39.8 million sq. ft. of developable area. SARE is in a high-growth mode and aims to double its area under development in the next three years, by creating wonderful communities of world-class standards.

SARE Homes is a professionally managed, FDI Funded real estate investment and development company. SARE Homes are funded by foreign direct investment (FDI); hence, its projects are assured of uninterrupted progress.

SARE Homes presents Petioles’- privacy apartments Introducing Gurgaon’s first luxury private Sky Deck

After successfully launching multiple projects in India and selling more than 3,500 homes, SARE Homes (South Asian Real Estate), presents yet another fantastic opportunity for the discerning home buyers to realize their dream come true—‘Petioles’, privacy apartments with Gurgaon’s first luxury private Sky Deck in Gurgaon, Sector 92.

Developed on a sprawling 48-acre integrated township , Petioles consists of 4 BHK and 4 BHK + Servant room apartments with the area of each apartment in the range of 2,040 - 2,226 sq. ft. Each floor would have just 3 apartments designed with a view to offer maximum privacy. The apartment buyers will enjoy Gurgaon’s first luxury private ‘Sky Deck’ consisting of a viewing deck, yoga and meditation zone, viewing deck, water wall and putting green.

Strategically located on the main 60 meter sector road, the project enjoys excellent connectivity via NH-8, Dwaraka Expressway and Metroline . ‘Petioles’ would be just 40 minutes drive from the IGI Airport.

Located on the growth corridor of Gurgaon, the project is close to IT/ITes, and manufacturing hubs of IMT Manesar. The township would have the requisite infrastructure like shopping facilities, health care and educational institutions within the township.

World class amenities await the buyers at Petioles with unique features like meditation and yoga zone, sky walk, water wall, putting green and a viewing deck. Each apartment faces a lush 7-acre (approx.) central greens, which is packed with features including a jogging track, children’s play area, cycling track, an open-air amphitheatre, skating rink, barbeque, putting greens, feature forest, beautifully landscaped water bodies, and the highlight - a 35,000 sq. ft. clubhouse - one of the largest in Gurgaon.

The apartments are very attractively priced and start from Rs 75.4 lakhs onwards.

Explaining the new concept Mr. David Walker, Executive Director SARE Homes said, “We are committed to fulfill the dreams of millions of Indians by introducing an international quality lifestyle within their reach. Keeping this in mind, we have introduced ‘Petioles’ in Gurgaon market which is one of the fastest growing region within NCR. Petioles will bring Gurgaon’s first luxury private sky deck to Gurgaon and comes with the twin advantages of enjoying complete privacy in the bustling city and yet be a part of community throbbing with opportunities and facilities”.

“In Gurgaon, SARE has sold more than 1,600 homes till date. Home buyers as well as investors in this region are very savvy and we are confident that they will respond positively to our latest lifestyle offering due to its unique concept, features , design and the fact that it is backed by FDI funded SARE Homes.” added Mr. Vikram O. Datta, Director- Marketing and Sales.

Elaborating on ‘Petioles’, Mr. Vineet Relia, Chief Operating Officer, SARE Homes explained, “We have always given paramount importance to the lifestyle of our customers. ‘Petioles’ is tailored to meet the needs of the customers with world-class amenities including lifestyle, sky deck ,education, health care, entertainment and professional facilities management. The apartments are designed in such a way that they ensure privacy and spacious interiors where one can unwind and relax with their family. An exciting differentiating factor at Petioles is the sky deck, which is new in the Gurgaon market.”

Construction is in full swing, and the first phase of this township will be ready for possession by April 2012.

Presently, the company has invested in 7 integrated projects in Gurgaon, Ghaziabad, Navi Mumbai, Chennai, Amritsar and Indore which represent approximately 39.8 million sq. ft. of developable area. SARE is in a high-growth mode and aims to double its area under development in the next three years, by creating wonderful communities of world-class standards.

SARE Homes, promoted by the Duet Group, is a unique real estate investment and development company, as far as the project funding is concerned. SARE Homes are funded internally by foreign direct investment (FDI); hence, its projects are assured of uninterrupted progress.