GM E-City Town Phase2 Multistorey Apartments Area Range 1025 - 1500 sq.ft., Located at Electronic City, Bangalore 2BHK Apartments and 3BHK Apartments.
Description:
Popularly known as E-City within Bangalore and often referred to as Electronic City all over the world, this industrial & technology hub is the largest in the region, and houses nearly 300 companies and a very large workforce. Keeping the strategic importance of this region, GM Infinite is proud to bring to you E-City Town located within 1 km radius of blue chip companies like Infosys, Wipro, Biocon, HP, Siemens, and Mahindra Satyam. In close vicinity are some world class healthcare facilities like Narayana Hrudayalaya.
Envisioned on the lines of a leisured Spanish lifestyle, the upcoming E-City Town opens its gate to a Spanish theme facade and dwellings in the G + 4 format. From the entry E-City Town is about grand scale, the very essence of Spanish living. The cobbled streets, open spaces, landscaped gardens all will give you a feel of walking in the boulevards of a Spanish Town.
The dwelling units in the form of studio, 1, 2 & 3 BHK apartments uses soft earthly hues on the exterior contrasted by bright red sloped roofs with Spanish arches and details, all in all creating an interesting skyline and an identity outs own. Now, get a chance to live amidst the charm and opulence of European architecture, all within your budget.
Envisioned on the lines of a leisured Spanish lifestyle, the upcoming E-City Town opens its gate to a Spanish theme facade and dwellings in the G + 4 format. From the entry E-City Town is about grand scale, the very essence of Spanish living. The cobbled streets, open spaces, landscaped gardens all will give you a feel of walking in the boulevards of a Spanish Town.
The dwelling units in the form of studio, 1, 2 & 3 BHK apartments uses soft earthly hues on the exterior contrasted by bright red sloped roofs with Spanish arches and details, all in all creating an interesting skyline and an identity outs own. Now, get a chance to live amidst the charm and opulence of European architecture, all within your budget.
Amenities:
40,000 Sft of Club House
Swimming Pool
Kids Pool
Multi Gym
Big Children’s Play Area
Cricket Pitch
Volley Ball Court
Squash Court
Billiards
08 Half Basketball Court
Steam, Sauna, Massage Room
Park
Sand Pits
Skating Rink
Aerobics, Yoga
Cafeteria
Multipurpose Halls
Indoor Games, Cards, Table Tennis
Swimming Pool
Kids Pool
Multi Gym
Big Children’s Play Area
Cricket Pitch
Volley Ball Court
Squash Court
Billiards
08 Half Basketball Court
Steam, Sauna, Massage Room
Park
Sand Pits
Skating Rink
Aerobics, Yoga
Cafeteria
Multipurpose Halls
Indoor Games, Cards, Table Tennis
Indian Real Estate has been defined as wary for the last few
months and may continue to do so for the next few months. It is easy to maintain
that the global recessionary has had a hand in this and point-fingers on the
Government's ineptitude to bring about a change similar to the promises of the
American President Barack Obama.
The RBI's monetary policy in tandem with the economic
stimuli in December 2008 and early January 2009 was aiming for liquidity in the
market to wipe damp consumer sentiments. However, blame it on petty politics or
the over-cautions approach of financial institutions or the ham-fisted
decisions in risk management of entrepreneurs and businessmen; it seems that
the economic atyachar may continue.
Government policies appropriately injected:
The fact of the matter is that policies by the Government
and the RBI were not accepted in spirit. The Indian Institute of Plagiarism, a disease
which has spread from Bollywood to money matters saw Indian giants seeking
further help from the Government. In a letter dated the 5 of February 2009 to
the Maharashtra Chief Minister Ashok Rao Chavan from the Maharashtra Chamber of
Rousing Industry (MCRI), it requested a Stimulus Package for ‘Real EstateSector' demanding tax cuts and reduction of FSI rates. MCRI satirically had
held an exhibition for affordable housing in Mumbai which was quoted "a success".
It is hard to refurbish success with hidden sordid agendas.
Interest Rates slashed, Financial Institutions clawed
The RBI's move in reduction of interest rates was to facilitate home loan rates. SBI, like a supreme opportunist, announced a reduction
of home loans to 8%. Other factors that were underplayed was the money margin,
the loan-to-value rate increased drastically and also Credit Information Bureau
(India) Limited (CIBIL), its illegiti- mate offspring tightened its noose to curtail
mass borrowers through strict regulations on borrowers. This would ensure that
the loans are not disbursed as per the fortitude of the stimulus packages or
the RBI's interest rates reduction. It is important to note that the special
discounted rates are applicable only for new customers and for a limited
period, after which prevailing rates will be applicable.
SBI's offer of 8% is only applicable for only one year and
is valid up to May 2009. HDFC's special rate of 9.75% for a Rs 20 lakh loan
with a 20 year tenure will be offered only up to the end of February 2009,
beyond which prevailing rates will apply. The length of time for which these
lower rates can be availed of may be insufficient to make a decision on buying property, and therefore may not translate into transactions.
HDFC marks the move by SBI as a 'gimmick'. SBI retorted that
the move was to kick start demand in the market and was primarily meant for existing
customers. With SBI and RDFC fighting like a soon-to-be- divorced couple, the
inconsequent worry is what about their destructive son,CIBIL.
The Government role
The Interim Budget also received a lot of criticism which
the acting finance Minister Pranab Mukherjee said was for the "aam aadmi".
This can only be assumed to the overwhelming advantage rural India has had in shaping poll out- comes.
A laissez-faire economy talks about a minimum government intervention.
Debates falred when, in 1969, 14 banks were nationalized by Prime Minister Mrs.
Indira Gandhi. We have come a long way from the clutches of national bankruptcy
in 1991 when the Finance Minister and the current Prime Minister Manmohan Singh
broke the shackles of Socialism and let the economy loose towards
Privatization. It has been a tedious journey since then and today adequate
freedoms are prom- ised by the state to private sectors. But then it's a system
of checks and balances that avoids extremist philosophies like An ar c h o- Capitalism
or Market Anarchism. The Government has done its best to 'stimulate' the
economy but if private sectors, like the one of Real Estate, need greater levels
of for replay then it may as well give up or chose ground breaking innovative
avenues.
Foreign Investment leeway
Furthermore, the Government has exercised its leniency
towards foreign investment as well. Foreign investors who have less than 50%
stake in an Indian company are treated as domestic equity thus limiting the
definition of Foreign Direct Investment (FDI). This widens the horizons for
non- Indian investors but also keeps a vigilant glance in terms of its
characterization. There has been denigration on some quarters that this may
lead to expo- sure of the Indian economy to the global recessionary trends. But
this neglects that foreign investors who have the capital to invest but cannot do
so in Europe or Obama's America have India as a savior. It is a symbi- otic
relationship.
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