Mantri Energia is coming to Fulfill Demand of Property in Bangalore

The “City of Garden of India”, “Bangalore” attracts many more developers, investors and home buyers towards it. There is great demand of property in Bangalore because of so many companies and beauty of the city. This city is also called IT Hub of India because of presence of all reputed and prestigious companies. Not only India companies but also all of the international companies which are having their in India are having their offices in Bangalore. These companies recruit many more employees per month. Because of better employment in the better company people are migrating towards this city. There are many more prestigious hospitals, schools and colleges in Bangalore which provide better medical and educational facilities. There are other many more advantages which Bangalore provides to the living inside. Providing so many facilities, Bangalore city has become most demanding city for residential purpose of the people.

Seeing the tremendous migration of the people towards this city, Real Estate Companies are these days mainly targeting this city for their projects. Mantri Group is one among these companies which are having strong presence in South India. Mantri Group is bringing one of the most awaited residential projects in Bangalore by the name of Mantri Energia Manyata Park.  This project is strategically being developed on this location so people might get entire advantages of connectivity band accessibility which this location offers. Entire major parts of the city and nearby cities are well connected to this location through well constructed roads and after some year metro is going to be available in this city. Some of the most favorite destination of the people like most attractive gardens, reputed companies and commercial hub of Bangalore are located in close vicinity. Its location is one of the most peaceful areas of Bangalore.

Mantri Energia is one of the most awaited residential projects because of location as well as facilities and amenities available inside. Entire project is being developed on the huge part of 11 acres of land. Most of the area of this project is going to have greenery and some other facilities for the people. One of the most attractive objects of the project is availability of nature saving technology like rain water harvesting. Nature has been centrally kept in mind and entire techniques have been used so the, Mantri Energia can’t harm nature and people can also live happily and healthy inside the apartments of Mantri Energia.

DDA Housing Flats Lucky Draw Result 2014 Winners List

Delhi Development Authority published Housing Flats Lucky Draw results. You can check DDA Housing Scheme Flats Lucky Draw Winners List online by name wise.

DDA Flats Lucky Draw Winners List 2014 Name Wise

Delhi Development Authority is going to announced Housing Flats Lucky Draw Results 2014 very soon (expected on 14th November 2014). The Delhi Development Authority has been launched largest Flat/House allotment Scheme in India. All types of upper class, idle class and economically very weak zone peoples take participate in this scheme. At presently this scheme (Lucky Draw scheme) has been launched and total 25,034 flats were opened for sale. Around all flats are located in various locations of NCR area. A large number (more than 10 lacs) of peoples have been applied for this scheme. Now this time all those peoples are eagerly waiting for publishing the results.

The draw result will be published online on DDA official website which is The DDA Draw Result 2014 lucky draw winners list will be available online on the official website.

DDA Housing Flats Lucky Draw Result Winners List
We are trying for collect more details. If you have any issue then add a comment on below box. We will solve your issue on next updates. We will update this post after few hours with latest updates. You can bookmark this page and check regularly.

Court asks DDA to check exploitation of housing schemes

Even as the applicants of the mega DDA Housing Scheme-2014 keenly await the draw of lots for the Delhi Development Authority’s (DDA) biggest such scheme till date, a Delhi court has expressed concern over how the entire system of allotment of flats is exploited by some agency officials and the way “property dealers/ touts have access in DDA office at their whims and fancies” to get the manipulation done.

“It is unfortunate that the entire system of allotment of flats has been exploited and misused by some of the allottees and property dealers and the entire allotment process requires a deeper scrutiny to ensure that benefit of allotment reaches the genuine applicants,” said Special CBI Judge Anoop Kumar Mendiratta.

ASJ Mendiratta expressed his concern while deciding a case of scam in a 1996 housing scheme of DDA for allotment of flats under the Self Financing Scheme wherein possession letters of 12 DDA flats at Kondli Gharoli here had been given to allottees on forged bank challans, without the actual payment being made causing a loss of Rs.1,06,46,063 to the DDA.

Treating the case as tip of an ice-berg, the court directed that “necessary administrative guidelines be issued by Vice-Chairman, DDA, to ensure proper cross-checking and verification of challans submitted for payment of cost of the flats at level of AAO/AO to avoid repetition of similar scam.”

“Vice-Chairman, DDA, is accordingly directed to take necessary action in the matter and action taken report be placed before this court within three months,” ASJ Mendiratta said in his 364-page order.

The court also directed the V-C to conduct a special audit for SFS Scheme-1996 by an independent agency to rule out any more cases of fraud.

In the instant case, the court sentenced Gurdas, an Upper Division Clerk (Dealing assistant-SFS, Housing accounts in DDA) and Raju Agarwal, a property dealer, to four and five years’ imprisonment respectively. It, however, acquitted V.P. Anand (Accounts officer, SFS-DDA), S.K. Kaushik (Assistant Accounts Officer) and Gurnam Chand (Assistant SFS Housing, DDA) as the CBI failed to prove their roles.

The V-C has, however, been directed to conduct departmental inquiry against those acquitted for the negligence on their part.

The CBI’s case was that under the SFS scheme, the DDA had invited applications from general public for allotment of flats from August 8 to August 20, 1996. At the initial stage the applicants were to deposit Rs.50,000 and flats in Kondli Gharoli here were allotted by DDA Draw of lots on December 31, 1996.

The CBI had further said that Gurnam was the custodian of files of SFS flats. In 1997, Raju purchased allotment papers from the successful allottees directly or through agents since the allottees were not in a position to make the complete payment.

The accused fabricated bank challans showing the cost of flats have been deposited. On the basis of forged documents, possession letters of 12 flats were issued to him.

The fraud came to light when purchasers of some flats found that the original allottees had not deposited the cost towards the flat. They asked the property dealers to return their money and filed complaints against them.

The court was of the view that the manner in which some of the allottees had applied for registration and allotment of flats in DDA (SFS Scheme-1996) brings out serious irregularities adopted by applicants to seek allotment and earn profits out of the allotments since the applications had been financed through property dealers/financiers and the applicants neither had the capacity to pay for the allotted flats nor intended to use the same for personal use.

DDA Housing Scheme 2014 Results

New Delhi: The wait is not yet over for DDA Housing Scheme applicants as the results of the flagship scheme will take more time to be declared.

The tentative date for draw of the lots for the new scheme, which offers over 25,000 flats across various categories, ranging from Rs 7 lakh to Rs 1.2 crore, was November 05. However, it is now being scheduled for November 10.

Scheme closed on October 15 and has received over 8.5 lakh applications.

The eagerly-awaited DDA Draw of lots for the scheme can be seen online as the housing authority has decided to webcast the entire event.

The webcast would be available for "unlimited" number of online users through a YouTube channel.
Online visitors with partial or complete visual impairment can also easily access Delhi Development Authority's official website as the portal has been made disabled-friendly.

The ‘DDA Housing Scheme 2014’ was launched on September 01 and the last date earlier was earlier decided as October 09 but on account of overwhelming response and intervening festive season, DDA had extended the last date of the scheme till October 15.

The DDA website had crashed within a few hours of its launch on September 01, prompting authorities to upgrade its server to meet the “exponentially increased user traffic”.

DDA postpones draw of lots once again in Delhi

Less than 24 hours before the Delhi Development Authority was to conduct the much awaited draw of lots for its Housing Scheme 2014, the biggest residential scheme till date, the land agency deferred the exercise citing inordinate delay during mock draw. The DDA had on November 14 announced that the draw of lots for the 25,034 flats will start on Monday (November 17) at 11:30 am.
However, on Sunday it announced its decision to postpone the draw without giving the next date. Earlier, the draw was to take place tentatively on November 5, which was then postponed to November 10 and then 12.
“A mock trial of the draw of DDA Housing Scheme 2014 was held today at Vikas Sadan in the presence of honourable judges and senior officers of the DDA. After the mock trial, the Centre for Development of Advance Computing (C-DAC) officials observed that the process has taken a long time to the tune of eight to nine hours...,” the DDA said in a press release.
It attributed the huge amount of time taken in mock trial to “large number of applications (more than 10 lakh), multiple categories of flats (more than four), multiple preferences for locations (34) and multiple reservations (SC, ST, persons with disabilities, ex-servicemen and war widows)”.
The civic agency further said the process needs more time for optimisation of data and the process of draw.
The DDA has called technical experts to check the process and give their opinion to ensure that the final draw does not take so much time and is free of technical errors.
“It was decided to give more time to the technical team, which has been working on the draw for the past 72 hours continuously and, therefore, the draw scheduled for November 17 has been postponed,” it said.
The agency said the next date of draw will be announced as soon as the technical team is ready for the draw.
The scheme is the DDA’s biggest ever housing scheme till date. For 25, 034 flats, the agency have received over 10 lakh applications. Most of the flats are in low-income group.
The land agency has made provisions for live viewing of the draw on DDA Draw Result 2014

Goa Real Estate Fighting all Odds, but the Crime

Goa has lately been in news for all the wrong reasons but surprisingly its real estate industry managed to survive most of the impediments except for the crime.

Notably, the international tourist destination still promises to be a profitable endeavor for real estate developers and investors alike, despite the local resistance and ban on SEZs. According to industry sources, the real estate values in Goa have registered an appreciation of almost 100% in the recent times.

Buying a property in Goa is not an easy task, especially, for the foreigners after the ban imposed on them by the government. But, the cost of purchasing property in Goa is the lowest in the country. The stamp duty rate and registration charges accounts for only 2%.

Plus investment in Goa properties promises enduring return on investments. It allows one to enjoy their vacation while making arrangements for the year round lease accommodation. Research analysis shows that, a property which cost Rs 55 lakh at the onset of construction churns around Rs 70 lakh after completion. A 10% comes in as a sure return, reveals researches.

But despite of the booming prospect of the Goa real estate the increasing crime rate is emerging as the biggest obstruction, which is restraining the investments and property transactions to happen.

Furthermore, on account of the increasing crime rate the hospitality industry of the city is suffering particularly. Goa Real Estate agent, S Mohanty, says, "The number of tourists visiting the city has decreased this time round. Moreover, it's not only about the harm caused to the real estate market, but all these episodes having brought bad name to Goa and its natives."

While real estate developers are coming up with their new projects every so often, they too are unsure about the gains from their Goa venture. With a number of impending cases of tourist assault the visitors are anxious of coming to India's hottest tourist destination.

Investing in right real estate properties in Gurgaon

Investing in right real estate properties in Gurgaon
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