GOODS AND SERVICES TAX AND ITS IMPACT ON REAL ESTATE

GST COULD USHER TRANSPARENCY IN REAL ESTATE SECTOR, REDUCE COST OF OWNERSHIP OF HOMES With the Goods and Services tax, participants in the real estate sector are likely to witness transparency in the functioning of the real estate sector besides reduction in the cost of ownership of homes, particularly if the GST rate is lower than the current rates put together. However, a homebuyer could end up paying higher tax while buying a home as the same is likely to account for almost 20-22% of the property value as opposed to around 14% at present. Another downside of the Model GST Law is that input tax credit will not be available in cases where the end product is made using the goods and/or services in an immovable property, other than plant and machinery. GST is likely to help commercial property developers in a big way, who today are saddled with high costs as no credit is available on construction services used for developing a commercial property which is then rented out.  Under the GST regime, commercial property developers in particular can expect smooth flow of credit. Besides, current restriction on construction related credits not being available for offset is expected to be removed.  Obviously, this would bring down the project costs in the hands of the developer, which, in turn, should have a positive effect on rentals.  However, If the credit restrictions continue, due to higher GST rates, the project cost are only going to get escalated further.  Additionally, all business entities, including the trading companies should be able to take credit of the GST paid on the rentals, which in turn should help the developer community in negotiating better rentals.    To sum up, GST appears to be a benefactor for the real estate regime, primarily in light of the expected free flow of credit, which should translate into an increase in margin in the hands of the developer.  Whether these benefits will percolate into the end customers / users is to be seen, more so because pricing in this sector is more driven by market forces than on costing principles

THE GREATER NOIDA ADVANTAGE :

A symbol of modern day town planning with ISO 9001 & ISO 14001 Certification, Greater Noida is the fastest growing townships in the National Capital Region, with international standard infrastructure ensuring quality of life, both at home and work. It is the only city in North India with privatised power distribution & uninterrupted power supply, underground cabling for electricity, water, sewer & drainage services, optic fibre cable networking & an extensive network of wide roads, flyovers, highways with plans for metro rail connectivity from Delhi regionOne of the Largest and Fully Functional Knowledge Park ,

Proposed 22 acre Heliport in Knowledge Park 2 with facility of atleast 7 helipads.

Schools of High Repute,

Various Corporates of High Repute ,

International Golf Course And Spa Resort.

Huge Sports Stadium ,

One of the most modern and high end integrated Sports Complex ,

Huge City Park  ,

Running Hospitals ,viz Kailash Hospital,Sharda Hospital and Medical College,Yatharth wellness and Trauma Centre, Amraplai Hospital,500 bed Multi-speciality hospital and Medical University all with 10 mins drive.

5 Star Hotels ,

Luxurious Malls , viz Ansal(s),Grand Venezia and MSX Mall in close proximity

One of the Largest Gautam Buddha University, Noida International University, Galgotia University, Sharda University in close proximity.

One of the Largest Sports City,

Up & Running Malls and Shopping centre(s) in close proximity.

20 minutes nonstop drive to Sector 18 NOIDA Commercial and Recreation Hub.

Proposed Night Safari and commercial markets in close proximity

Buddha International Circuit,

Fuel Filling Stations,

Gautum Budh District Headquater also located at Greater Noida.

There by enjoying good connectivity and locational advantage with respect to the city's master plan. Residential, commercial, institutional, recreational and related facilities have been simultaneously developed in a planned manner to make Greater Noida a prestigious address. The recent plans & approvals by the Govt. of India for hosting the Commonwealth Games, 2010, has further enhanced the pace of development in the form of additional world class infrastructure to support the cause.

SUMMARY OF LOCATION ADVANTAGES:

30 Schools in 10 to 30 minutes drive including prestigious international schools along NOIDA- GNOIDA express way.

4 universities and 15 Engineering Colleges and 5 Medical Colleges in 10 -15 minutes drive.

5 Malls in 10-15 mins drives.

5 Minutes drive to proposed Metro Station in Knowledge Park and Pari Chowk.

30  minutes non stop drive to Sector 18 Commecial Market Hub of Malls and Markets.

Two 5 Star Hotels in 5 minutes drive.

10 minutes drive to Hub of All Banks and Financial Institutions in Alpha 1 Commercial belt.

10 minutes drive to GNOIDA Stadium and Integrated Sports Complex and Golf Course.

Low Levels of Pollution , Fresh Air, and Green Environment for Healthy Living.

Close proximity to Upcoming IT Park and Night Safari with 5-7 Star Amenities.

100 ft of Greens Belt Just in Front of Project running 10 Kms left and right.

Tourism Centre - Over Looking Expressway easy connectivity to Mathura,Agra ,Delhi, Noida and Other Weekend getaways in GNOIDA like BIC and Bird sanctuary in Suraj Pur.

Low Density and Peaceful Healthy Living

Shri Infratech Vedic City Plots Greater Noida

Shri Infratech Vedic City is a unique integrated township brand at Greater Noida. Vedic City Plots Greater Noida is the city of many cities is all set to change the very definition of integrated township spread across 3605 acres. Shri Infratech Vedic City Plots are located within township, Greater Noida. Owning the peace of land in Vedic City is a pride. Vedic City Plots give you the choices to choose from153/194 and 240 sq.yrd offering with world’s top notch amenities defining the project and give you the top facilities near by your home. The architectural theme is inspired by the glorious era of Indian history. A history that is filled with a higher form of culture, music and architecture. An era of king Ashoka, Chandragupta Maurya, Chanakya, Alexander the Great and the world inspiring Gautama Buddha. It was a time when India ruled the world in terms of culture and spiritual attainments of the highest order. We have embodied this spirit of our 'golden era' and infused it with the most modern and environment-friendly sustainable eco-system that will again re-live a glory that was. In today's "VEDIC CITY" you will find ultra modern habitation and social infrastructure that will rival the best in the world. From tree-lined boulevards to serene botanical gardens, orchards, lakes and canals to enliven one's spirit. There will also be institutes of learning, medical facilities with super specialty hospitals, spiritual guidance centers, yoga ashrams, sporting facilities for body and mind, 'Helipads' for quick transportation and an electric commuting system through-out the integrated township.

Vedic City Features:

* Play Area
* Club House
* Power Back Up
* Swimming Pool
* Gymnasium
* Gated Complex
* Regular Water Supply
* 24/7 Security

* Tennis Court

A new metro rail between Noida to Greater Noida by 2017

A detailed project report for the much needed metro line between Noida to Greater Noida covering a 29.707 km stretch, prepared by the Delhi Metro Rail Corporation (DMRC), has been submitted to the state government. This will provide clean and smooth public transport and would tackle the urgent requirement of the region.

The new metro line is prepared by keeping in mind the projected population of over 15 lakh in Noida and around 12 lakh in Greater Noida by the year 2031. The development, operation and maintenance of the metro rail will be managed by a special purpose vehicle (SPV).

GREATER NOIDA PROPERTY