Friday, January 9, 2015

DNR Atmosphere Multistorey Apartments Located in Whitefield, Bangalore offered with 3BHK Apartments and 4BHK Apartments.

DNR Atmosphere Multistorey Apartments Area Range 1610 - 2787 Sq.ft, Located in Whitefield, Bangalore offered with 3BHK Apartments and 4BHK Apartments.


Atmosphere. A life giving sphere, invisible yet vital. A habitat that fuels thrive of life.

Even the simplest of life requires the best of the atmosphere to truly achieve its worth. DNR Atmosphere follows the eternal maxim of creating the perfect haven, the perfect Atmosphere; for all that you strive and thrive for. 

Atmosphere. Come, let it nurture your eternal being. And let DNR provide the haven amidst the riches of both the riches of urbanity and nature. 


⋅ Located adjacent to Adarsh palm meadows, 
Varthur Main Road, Whitefield
⋅ 276 units in a sprawling site area of 4 acres
3 & 4 BHK Condominiums with 270⋅ Views
⋅ 2 basement floors for parking, Ground Floor + 15 Floors
⋅ 30 % ground coverage and extensive 70% lush green landscaped area
⋅ Designed as per international standards by Space Matrix, Singapore
⋅ Landscape designed by La Conception, Singapore
⋅ A 20,000 sq. ft state of the art Club House
⋅ Spaciously Designed Condominiums with best in Class fittings and fixtures
⋅ Unique orientation of building for unobstructed grand views
⋅ Security Cabinets at all Entrances and Exits, with CCTV coverage 

The Ministry of Urban Development on Wednesday hiked floor area ratio (FAR) norms for residential plots in the Capital. FAR is the ratio of a building’s total floor area to the size of the piece of land upon which it is built.

With Assembly elections expected in the next few months, this move of the Government has not surprised many, as colonies have been regularised in the past to attract voters. The latest move is expected to help builders, especially those who re-develop old plots, said a real estate player. After the announcement, stocks of real estate firms rose on the BSE. DLF’s shares ended 7.20 per cent higher at Rs.151.95, while Unitech’s went up 4.41 per cent to Rs.18.95. According to a statement from the Ministry, FAR in respect of plots of 750-1,000 sq.m. has been enhanced from the present 150 per cent to 200 per cent, while the same has been increased from 120 per cent to 200 per cent for plots of 1,000 sq.m. and above. 

While the ground coverage for plots of 750-1,000 sq.m. will remain at 50 per cent, it has been increased from 40 per cent to 50 per cent for plots of 1,000 sq.m. and above.

Urban Development Minister M. Venkaiah Naidu had approved the proposal of the Delhi Development Authority (DDA) on November 24th. The DDA has proposed an amendment to this effect to Master Plan Delhi–2021 and firmed up the same after inviting feedback from the public, the statement added.

Realty sector reaction
Rohit Raj Modi, President, CREDAI-NCR, and Director Ashiana Group, said: “This extra FAR will definitely help developers with additional space and thus help in matching the demand and supply gap in Delhi. We are, however, waiting for clarification on the issue of change in density, number of dwelling units and height. We think that increase in FAR shall be effective if accompanied by an increase in dwelling units, density and height.”

Anuj Puri, Chairman and Country Head, JLL India, said: “Providing the higher FAR will make the apartments bigger, and with no change in density norms, ticket-sizes may rise as well.”

Political angle
But the decision has political ramifications. Last June, Sheila Dikshit, then Chief Minister of Delhi, had said that while Delhi would need high-rises, she personally was not in favour of it.  

She had said that she won’t allow construction of high-rise buildings as long as she was alive as this would put additional stress on existing resources and infrastructure in the city besides severely impacting the natural beauty of Delhi.                           

In a move to safeguard the interest of home buyers and other consumers, who are often taken for a ride by private players citing certain conditions in the agreements, the consumer affairs department has proposed to bring them under the ambit of "unfair contracts". This provision in the Consumer Protection law will enable consumers to file complaints against such players with local forums for their redressal. 

According to the Cabinet proposal circulated to amend the Consumer Protection Act, all such agreements between consumers and private players will be treated "unfair" if these include one or more out of the five identified clauses. 

Sources said any provision in the contract that allows disproportionate penalty on either party against the actual loss caused due to failure of the agreement will be enough to bring it under "unfair" category. "For example, if a real estate player fails to deliver a house in time, it pays little penalty as compensation to buyers. But, if a buyer fails to make the payment in time, he is made to pay huge fine. This is an unfair provision and needs to be eliminated from contract conditions," a government official said. 

In recent years, several such cases have landed in consumer forums and developers have been asked to pay higher penalty for failure on their part. 

The Cabinet proposal also mentions that if the contract has the provision that allows either of the parties to replace it with a new player without consent of the other party, that provision also be termed as unfair. There have been several cases where developers have sold their projects to others without consulting consumers. In such cases the end users face the worst. The other conditions that have been identified to make a contract unfair are demand to make excessive "security deposit" and refusal to foreclose the loan even when the consumer is ready to pay the applicable penalty. "Even if a contract has a provision that entitles a party to terminate the agreement unilaterally without reasonable cause, it will be an unfair one," an official said. 

Sources said this provision is for protecting the consumers, who are placed in an "unequal" bargaining capacity.                 

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