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Noida is fast emerging as a prominent property hub at national and international level. May it be residential or commercial, property rates have more than doubled in the past five years in this area. Its vicinity to Delhi, inclusion in National Capital Region, India’s largest and world’s second largest agglomeration with a population of five crores and 7.5 per cent of India’s GDP and construction of Taj Expressway has really made it a hot investment destination, even better than Gurgaon another suburban area of Delhi which is touted as Millennium City by some. But as the adage goes all that glitters is not gold. All the glossy projects of this area which are advertised in the newspapers and websites with much aplomb and extraordinary claims may not be genuine, so one needs to be careful before taking the plunge. The first and foremost thing that a buyer needs to check is the authenticity of the project. Whether the project is properly approved by Noida Authority or not? Whether the builder has taken all the approvals or not? Finding out these facts is not a rocket science nor do you require any expert for that. All you need to do is to log into Noida Authority’s website namely www.noidaauthorityonline.com where you can get details of all the approved properties. If the property offered to you is not approved, don’t buy that. Following several complaints of frauds by land sharks, Noida Authority has issued a notice also in the newspapers asking buyers to be aware of thugs. It is posted on the Authority’s website also. We are also posting this notice here for your benefit: But approval from Noida Authority is not the only thing which a buyer should look for. He should consider several other aspects also before booking the property. Try to find out better located projects as they will yield more returns in the long run. If need be, don’t hesitate investing some more money for such projects. Better location does not necessarily mean that project should be on the main road only; it simply means that the project should have proper connectivity with the major transport routes and approach to day to day facilities like schools, markets, hospitals etc. Before taking any final decision, the buyer must enquire about the credibility of the builder/ colonizer from various sources. A simple Google search can be of great help in this matter. If the builder is notorious for delaying projects or using substandard materials, don’t fall into his trap. Another way of making sense of builder’s reputation is to visit his earlier projects. If you find dissatisfied clients there, don’t go for the deal. Once all other details are finalized, the buyer must negotiate proper price. He must compare the asking price with the prices of surrounding projects. Prices may vary on the basis of facilities provided by a various builders but that is also not hard to compare. Before signing the deal, the buyer must read all the documents carefully to ensure that there are no hidden clauses which may inflate the cost later. It must be ensured that all the advertised and negotiated facilities are mentioned in the documents. One very important aspect of the deal is the payment plan. Buyer must ensure that payment installments mentioned in the documents must commensurate with the offer made to him. If builder delays the delivery of the property, he is liable to pay the late fee or compensation to the buyer. The buyer must ensure that it is mentioned clearly in the documents as builders often try to avoid it at the last moment or offer frivolous facilities in lieu of the compensation. Mr Anil Mithas, CMD, Unnati Fortune Group says that despite being a builder himself, he supports consumer awareness and believes that their rights must be respected without any compromise. He believes in fair play and timely delivery of projects. He claims that the Unnati Fortune Group is offering properties at most competitive prices with best designs and maximum facilities, so the question of complaints from his clients does not arise, still his organization has a Consumer Complaint Redressal Cell to address the issues raised by the buyers. For more amazing projects by Unnati Fortune Group, please log into _ https://www.facebook.com/unnatifortuneholdingsltd UNNATI WORLD: LUXURY AT AFFORDABLE PRICES
UNNATI WORLD: BEST LOCATION, BEST CONSTRUCTION, BEST PRICE Awesome, beyond imagination, mesmerizing, redefining, truly international experience, great…….no adjective can ever explain the Unnati World project, the city within the city, being created by renowned and one of the most trustworthy builders, the Unnati Fortune Group at sector 144, Noida. - It is city within the city, uniquely planned and designed by World Class Archial Norr - It offers green living with all the modern conveniences - It has most promising location in sector – 144, in Noida itself that too on Main Noida Express Way - It has unparalleled transport connectivity as ISBT and Metro Station have already been planned around - It has most amazing architecture - And above all it is most affordable……merely Rs 2,999 per square feet. The more we learn about the Unnati World, the city within city, the more curiosity it evokes. The Unnati World is aptly known as a city within the city because it has all the facilities that define a city. First of all let us have an overview of the commercial options at the Unnati World: COMMERCIAL OPTIONS AT UNNATI WORLD It has a luxurious commercial hub with a five star hotel. It offers lake view high street premium retail space with international level fine dining restaurants, and outlets of multinational food chains that feels like your dream. It has futuristic office space that makes work a pleasure. Not to mention office spaces are most spacious, independent, lockable complete with all the modern amenities including conference hall. Above all, the office spaces are available with 12% assured returns. RESIDENTIAL OPTIONS AT THE UNNATI WORLD The Unnati World offers planned world class residential space too. It has well designed luxurious high rise serviced apartments, water front suites and terrace gardens with all the avant-garde facilities suited to world class living like club with swimming pool, sports facilities etc. Besides residential units, the Unnati World offers unique Fortune Suites also which are in fact multi use premium studio units. The Unnati World will have a play school also for the kids of working parents. MEDI FLOORS, A UNIQUE MEDICAL FACILITY Another unique feature of the Unnati World is Medi Floors. The Unnati Fortune is among the first real state companies in India to introduce this concept. These are exclusive and dedicated chambers for doctors. Medi Floors will have grand reception, luxurious waiting lounge, pharmacy, pathology laboratory, yoga and spa, cafeteria and health insurance assistance. In nutshell, Medi Floors will cater to your entire medical needs under one roof. LUSH GARDENS AND EVENT PLATFORMS The Unnati World is planned around nine breath taking towers in perfect harmony thanks to the flowing curves and shining facades of the design, which also incorporates Vastu principles. All the nine towers link to a spectacular podium level that features lush gardens and attractive event platforms. Mr Anil Mithas, CMD, Unnati Fortune Group claims that the Unnati World will set highest benchmark in the Indian real estate sector. It is a paradigm shift in infrastructural development and new vision for experimental spaces not only in NCR but across India. It will introduce Indians to the best of international residential, commercial and recreational facilities. He said that this futuristic project is much ahead of its times not only in terms of architecture and design but also in terms of construction quality. He further said that the Unnati World is a unique luxury project where even a common man can make his dreams come true at most affordable prices with maximum returns. For more amazing projects by Unnati Fortune Group, please log into http://www.unnatifortune.com Follow Mr. Anil Mithas on twitter:https://twitter.com/anilmithas Follow Mr. Anil Mithas on Facebook:www.Facebook.com/anilmithasufg A recent judgment by honorable Supreme Court indicting a Gurgaon builder for neglecting commitments to his clients has sent shockwaves among real estate community. It has not only caused aspersions on our community but re-ignited the fears among the prospective buyers too.
In this scenario of suspicion and disbelief, I, Anil Mithas, CMD, Unnati Fortune Group would like to assure our clients that Unnati Fortune Group would always stand by its commitments. To us, our client is God. I call our client as God because our group assigns highest importance and priority to his/ her satisfaction and wellbeing. We believe that we owe our existence to our client and we cannot ditch the person to whom we owe our existence. Unnati Fortune Group has always upheld highest standards in terms of conceptualization and construction of projects and pre and post possession services. Thousands of our satisfied clients stand testimony to our unquestionable dedication to their cause. We firmly believe in three Cs as core values of our business model namely - credibility, commitment and creativity. To us credibility is the foremost core value which acts both as a glue as well as magnet. It acts as glue because it creates trust between our Group and the clients which cements our ties forever. It acts as magnet too because it creates goodwill that attracts buyers from across the globe to our Group. As an old adage goes – if character is lost, everything is lost; we also believe that if credibility is lost everything is lost. Credibility doesn’t come without transparency. So we have created transparent systems which are easily accessible on-line. It took us years of dedicated hard work and sustained commitment to build our credibility. So we rate commitment at par with credibility because credibility cannot be built without commitment. Whereas credibility is a perceived thought, commitment is a tangible thing which is evident in the day to day performance of our workforce. Our able, qualified and well equipped work force is committed to both their duties towards the organization and their responsibilities towards the clients. I give full credit to my colleagues for the splendid progress made by Unnati Fortune since its inception. It was only due to our commitment towards our clients that we established a Client Grievance Redressel Cell which has mainly three tasks. Firstly it devises and improves mechanisms to provide best possible services to our clients. Secondly it supervises implementation of those mechanisms to the last detail and thirdly it redresses clients’ complaints, if any, at lightning speed. The third and perhaps the most inspiring core value of our organization is creativity which germinates in the fertile minds of our imaginative staff members and leads us to a unique path making us one of the most distinguished real estate companies in India. Walt Disney, one of the greatest entertainers once said – “Around here, however, we don’t look backwards for very long. We keep moving forward, opening up new doors and doing new things, because we are curious…..and curiosity keeps leading us down new paths.” Unnati Fortune Group firmly believes in this quotation in letter and spirit. From office and staff management to conception and construction of our projects, the corner stone of all our thoughts and actions is creativity. We are among the first real estate companies in India that set up Client Grievance Redressel Cell. Again we are among the first Indian companies to introduce concept of exclusive floors for doctors. This project of dedicated floors for doctors’ chambers is coming up in the heart of Noida Express Way and we have aptly named it as Medi Floors. Medi Floors will have grand reception, luxurious waiting lounge, pharmacy, pathology laboratory, yoga and spa, cafeteria and health insurance assistance. Another project that goes beyond the imagination of even the best of builders in India and that successfully competes with the best luxury projects in the world is Vesta Villas project. These are limited edition lake facing villas with individual pools. So, it was a brief introduction to the core values that govern our business model. Generally senior officers of real estate companies express hope that they would match the expectations of their clients, but here at Unnati Fortune Group, I would once again like to assure you that we walk the talk. Unnati Fortune Group means professionalism, Unnati Fortune Group means trust. For more amazing projects by Unnati Fortune Group, please log into www.unnatifortune.com Follow Mr. Anil Mithas on twitter:https://twitter.com/anilmithas Follow Mr. Anil Mithas on facebook:www.facebook.com/anilmithasufg UNNATI FORTUNE GROUP TO ANNOUNCE DIWALI BONANZA FOR HOME BUYERS
The decision of the State Bank of India, country’s biggest bank, to slash interest rates on housing loans up to 0.15 per cent and remove the slabs for advances ahead of festive Diwali season has brought cheers to many aspiring home buyers. Besides SBI, HDFC has also reduced interest rates on loans above Rs. 75 lakh to 10.15 per cent. As per SBI, home loan of any amount would now be available at 10.15 per cent whereas for women borrowers, the rate of interest would be 10.10 per cent. The base rate, or the minimum lending rate below which the bank cannot lend, is 10 per cent. SBI has also now removed two home loan slabs – under Rs. 75 lakh and above Rs. 75 lakh. SBI has now decided to offer uniform interest rate on home loans with effect from August 26, irrespective of the loan amount. The background for these decisions was prepared by RBI in its June and August reviews of monetary policy, the Reserve Bank of India (RBI) kept short-term lending rate unchanged at 8 per cent, while the cash reserve ratio (CRR) was kept at 4 per cent citing upside risks to inflation in view of uncertain monsoon and its impact on food production as also volatile international oil prices. Subsequently, the bank rate was retained at 9 per cent. In order to infuse additional liquidity, the RBI decreased SLR for banks by 0.50 per cent to 22 per cent with effect from the fortnight beginning August 9. A similar move in June had released an additional Rs. 40,000 crore into the system. It is expected that SBI and HDFC’s latest move will infuse healthy competition in housing loan segment and inspire other government and private sector banks to reduce their interest rates too. Despite conservative monetary policy of RBI, the encouraging steps by these two banks are certainly indicative of renewed confidence of banking community in the sustainability and inherent strength of the Indian economy. The Chairman of Unnati Fortune Group Mr Anil Mithas has welcomed SBI and HDFC’s move to reduce interest rates on housing loans. He expressed hope that other banks will also follow suit. Mr Mithas said that his Group is planning a big bonanza for home buyers this Diwali season and this decision will certainly act as an icing on the cake. Mr Mithas said that although Western and Indian economies can’t be compared directly due to large scale differences in terms of basic regulatory laws, operational concepts, historical perspectives and sheer scale, but as a nation India also must strive to bring down interest rates on housing loans to international levels. He said in America interest rates vary between 3-5 per cent and in England between 1.5 – 5 per cent which is almost one tenth to half of Indian interest rates. Mr Mithas said that the Modi government has promised to provide shelter to every family by 2022. If that target has to be achieved, then interest rates on housing loans must be brought down further. He said that as against fears of drought, monsoon has been fairly satisfactory; it will certainly bring down inflation and encourage the government to embark on a growth trajectory thereby reducing interest rates further. Source- http://www.unnatifortune.com/ Follow Mr. Anil Mithas on twitter: https://twitter.com/anilmithas Follow Mr. Anil Mithas on facebook: www.facebook.com/anilmithasufg |
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November 2015
Mr. Anil MithasChairman & Managing Director at Unnati Fortune Holdings Ltd |