Monday, May 19, 2014

Salarpuria Gold summit Apartments for sale Located at Hennur Road, Bangalore 3BHK Apartments.

Salarpuria Gold summit Multistorey Apartments Area Range 1933-2031 sq.ft, Located at Hennur Road, Bangalore available with 3BHK Apartment.

http://bangalore5.com/project_details.php?id=111


Description:

Welcome to Gold Summit! One of Bangalore's tallest Residential Towers!

A building that hails the sun with its towering height of 33 floors. Overlooking tranquil landscapes as well as bustling city side, right on the Main Hennur Road. Gold Summit is one of the tallest buildings of Bangalore that has added class and style to its skyline. There’s a subtle sense of grandeur that you will feel as you traverse the tranquil landscaped zones and enter the grand reception area done up in granite. A grand reception befitting your aspirations of a stylish lifestyle.

Gold Summit towers over many a home in terms of comfort and luxury. The specifications are top-class, flawless to the very last detail. For those who will not settle for anything lesser than the best, here is a home that understands you well. Here every specification, fixture and civil work lives up to the highest standards of quality.

There is a wide range of amenities here to support a modern lifestyle. Central to life here is the classy swimming pool, that is the life of the residential complex. For the fitness conscious there is a top- of- the line fitness centre. Gold Summit is not just a tall building in Bangalore- it towers over many a home in terms of luxury, comfort and aesthetics.

Gold Summit is for those who will not settle for anything lesser than the best.

Amenities:

Health Facility with Steam, Sauna & Jacuzzi
Gymnasium
Indoor Games
Squash Court
Multi-Purpose Hall
TT
Walking Track
Card Room
Kids Pool
Billiards
open Theatre
Basket ball Post
Children's Play Area
Swimming Pool
Jogging Track



The real estate sector plays a significant role in India's economy. Almost 5% of the country's gross domestic product (GDP) is contributed by the housing sector. Real estate in India has been characterized by an increasing presence of a large number of public companies, along with the opening up of this sector to foreign direct investment (FDI) and private equity firms. This has increased the discipline and accountability of businesses houses undertaking large-scale real estate developments. Indians have an innate propensity to own homes. 

This, with rising income levels following India's rapid growth, has resulted in a phenomenal increase in the demand for homes.

The country has started viewing property as a preferred investment option, given that returns are pegged between 11 % and 15%, compared with bank deposits, which seldom offer returns over 10% a year. Prices of homes, therefore, have increased at a steady pace in the past decade.

According to Dun and Bradstreet Corp., a provider of credit information on businesses and corporations, the total value of real estate development in India was estimated to be around Rs.67,480/- crores, growing at an annual pace of30%. This growth is fuelled by the growth in realty development in organized retail, followed by housing and information technology and information technology-enabled services.

In recent times, real estate has been seeing a plunge in demand with retail shying away from exorbitantly priced spaces or paying high rentals. Reduced consumer spending has also translated into a retail slowdown. Many firms have also decided to relocate from high to lower cost locations, leading to vacancies going up in retail and office space.

Interestingly, a careful look at the performance of the sector reveals that the pace of activity has been shifting to smaller cities. Several reasons could cause this shift. First, speculative investments in real estate, which have been largely confined to the metros, resulted in greater price volatility in these cities.
Secondly, the high price of real estate in large cities has caused a number of offshore companies setting up operations in India to expand into smaller cities, resulting in a substantial increase in demand.

Thirdly, builders and developers have mainly focused on high-end housing projects in large cities. The recent economic slowdown has meant large stock of unsold inventory. They have, therefore, shifted focus on developing projects aimed at medium-income, middle-class households. Lastly, the special economic zone policy has also resulted in a shift of activity from large to smaller cities.

So, where are we heading? The advent of the private sector in real estate and the government's proposal to offer fiscal concessions and creating an enabling environment for housing development have led to rapid growth in private investment in housing, with the emergence of developers mainly in metropolitan centres and other fast-growing towns.

The growth has been fuelled by rising business opportunities in new and emerging enterprises, increasing income levels, low interest rates, employment generation and demographic changes.

The real estate market has also been boosted by a proposal to permit 100% FDI in the sector. Also, a significant factor that drove the growth of the housing market was easy availability of bank finance at affordable interest rates.
Finally, it is important for policymakers to be vigilant and track the pace and economics driving the evolution of the sector. There should be adequate supervision to prevent reckless credit growth to fund its expansion.

India's favourable demography, low mortgage penetration, falling interest rates and ongoing infrastructure demand will keep the retail real estate downturn from being protracted. The fundamentals of the sector are good and its growth should continue in the foreseeable future.


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