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Bangalore’s Pashmina plans affordable luxury project
Posted on Feb 26, 2015

Pashmina Developers, the Bangalore-based real estate firm, has launched a new residential project called Pashmina Brookwoods in Karnatakas capital city. It is positioned as an affordable compact luxury apartment project in Bangalore city.

Spread over a 10.5-acre campus, the residential project, coming up near Budigere Cross, Old Madras Road, comprises five residential towers ranging from 10 to 14 floors. A total of 1,887 apartments offer a wide range of options to suit the customers budget.

The 330 sq ft studio, 525 sq ft 1 bedroom and 657 sq ft 2 bedroom apartments carry the basic price band of Rs 3,790 per se ft and costs approximately in the Rs 10.50–Rs 23.02 lakh range.

The project designed by Hafeez Contractor, a renowned architect, claims to offer efficiency and comfort. The first phase consists of 1,155 apartments which would be ready for delivery by August 2016.

“Pashmina Brookwoods is the only project in Bangalore that offers compact apartments in such unique sizes in the 300-657 sq ft range but still with large balconies and such intelligently planned layouts and floor plans that wont make the occupants sense a feeling of compromise in any aspect – privacy, utility, natural sunlight and ventilation, easy movement within the apartment, placement of necessary furniture or storage spaces,” Vivek Jaiswal, head- sales and marketing at Pashmina Developers told Financial Chronicle.

Some of the facilities and amenities included in the project are the entrance plaza with water body, half basketball court, amphitheatre, gazebo, viewing decks, tea deck, seating alcoves, jogging track, reflexology path, and multipurpose open lawn.

Jaiswal said the property also offers beautified brook, pebble path way, swimming pool, children play area, crčche, 10,000 sq ft clubhouse, convenience store and 24 hours power back-up for common areas as well as apartments.

Interested in property investment hotspots in Pune? Here’s the answer
Posted on Feb 26, 2015
Punes close proximity to the financial capital, Mumbai, has made it a thriving hub for educational institutions and IT companies, which has ultimately led to increase in the property prices.According to a survey carried out by the property portal, 99acres.com, the city is also one of the most preferred investment destinations, going by the seven p ...

Union Budget 2015: Cut loan interest rates for 1st time buyers to 6-7 per cent, says Raheja
Posted on Feb 26, 2015
Given the government's big promises of providing housing for all by 2022, sources say Budget 2015 could see a hike in the rebate offered on home loans.In an interview to CNBC-TV18, Navin Raheja, chairman and managing director, Raheja Developers says the government would work at giving more disposable income into the hands of consumers. He also expe ...

SBI eyes higher tax benefits for home loans
Posted on Feb 24, 2015
Wants separate category for tax sops on repayment of home loansState Bank of India (SBI), the country's largest lender, wants the government to increase the upper limit for interest subvention (subsidy) of home loans from Rs 15 lakh to Rs 25 lakh.To be eligible for subvention, the cost of the house should also be increased from Rs 25 lakh to Rs 35 ...

Thinking about Loan against Property-Must Know Benefits
Posted on Feb 24, 2015
Even if you are fussy saver, there may be fiscal troubles and you need financial help for improving your business, your child marriage or for sending your children for higher studies. The first thing that would strike in your mind is Loan against property. Leveraging an asset you own is a better option to fulfill your financial need in time of nece ...

High demand for offices in Ahmedabad, tepid for residential
Posted on Feb 24, 2015
AhmedabadOffice spaces in Ahmedabad seem to be selling like hot cakes while residential is getting a lukewarm response. According to a report by JLL India, Ahmedabad office market continued showing traction in January 2015 with select companies from automotive and manufacturing companies having executed the transactions. On the contrary, residentia ...

Lower Parel: A rental location with a green advantage
Posted on Feb 24, 2015
If you are looking to live in south Mumbai, Lower Parel would be a good option to consider in today's scenario. There are two reasons for this: Low rental values as compared to the neighbourhood areas.A future greener locality, with the BMC already starting work on a 8.2 acre area to develop a large park, in addition to eight other green spaces.Ren ...

Home buyers, industry share their Budget expectations
Posted on Feb 24, 2015
Lower home rates, tax incentives and faster approvals seem to be the need of the hour for both buyers as well as the industry when it comes to Budget expectations.Magicbricks has been highlighting over the past couple of weeks what the real estate industry expects from the Union Budget 2015. Magicbricks ran a survey to get the perspective of the bu ...

What Budget 2015 should do for home buyers
Posted on Feb 24, 2015
Hit hard by the skyrocketing property prices and high interest rates, owning a roof over one's head has become a distant dream for a majority of home buyers, particularly in recent years. This despite the fact that the realty segment the world over has gone through a period of prolonged slowdown.Although sentiment around the sector has improved in ...

City developers want boost for affordable homes, clarity on policy
Posted on Feb 24, 2015
PUNE: The city's real estate community wants finance minister Arun Jaitley to present a budget that will create a strong foundation for achieving the "home-for-all" goal of the Narendra Modi government.The realtors want the 2015-16 Union Budget to trigger a movement for creation of affordable housing by devising a spectrum of incentives for both de ...

Do we really need more houses?
Posted on Feb 21, 2015
A recent book says that houses grew faster than households. So, who is buying the high-cost properties in cities and how many of them?It is a curious situation. Buying a property in the prime areas of the country is almost impossible for the salaried, leading to high inventory levels all across the country. But despite being unable to sell, builder ...

Why the property Buyers are Moving towards East Bangalore
Posted on Feb 21, 2015
Bangalore: The IT Hub of India, Bangalore is famous throughout the world as the city is home to several top MNCS. However, on the other hand, the Indian Realty might look tedious with irrespective schemes but Bangalore city is hoping to embrace 100,000 more IT man power yearly. As it is a favorite investors destination, the Exposure city is exper ...

What the Budget Should Do For Home Buyers
Posted on Feb 21, 2015
Real estate stakeholders in every Indian city are looking forward to the upcoming financial budget 2015 to see whether it will provide any relief to the sector. Developers have their own expectations, because positive announcements for real estate buyers made during the budget will help increase the market sentiment, and therefore sales. The genera ...

Key documents to verify before investing in Mumbai
Posted on Feb 21, 2015
When it comes to cross-checking the documents before buying property in Mumbai, prospective buyers in Mumbai have always had several queries. Here are a few common queries posted on Open House, the discussion forum on Magicbricks, seeking advice regarding buying and transfer of property to NRIs. "I plan to buy a 2BHK in Andheri East from a mid-segm ...

Depreciation in sales, But the property prices are still alike
Posted on Feb 21, 2015
Bangalore: Real estate developers are very much loud about declining residential sales, however; buyers and individuals who are hunting for a house for many years say that there is nothing on hand at affordable prices. In fact; Sky rocketing prices and interest rates are pulling back many home buyers.One of the leading real estate players, DLF has ...

Buy penthouse and get studio apartment free… in India
Posted on Feb 21, 2015
Indian developers offer discounts, low home loan rates for NRIsYou have heard of property developers offering buyers in Dubai everything from furniture vouchers to luxury sedans. Now that trend has started in India as well.To get buyers, Indian developers have unleashed marketing campaigns offering lower home loan rates to free furniture and from c ...

Affordable housing and cheaper loans should be the focus of budget: Makaan.com
Posted on Feb 20, 2015
The Central government in its maiden budget had focused on Improvement in economic fundamentals, developing smart cities, implementation of infrastructure projects, increasing tax exemption on home loan repayment, etc. Union Budget 2015 is round the corner & expectations have crept up in the minds of Indian home buyers. The Central government in it ...

Raining freebies: Builders offer up to 25% discount, free studio apartments, modular kitchens to lure home buyers
Posted on Feb 20, 2015
MUMBAI | NEW DELHI: Good news for prospective home buyers in India's big cities - finally, some real discounts from real estate majors.Take a look at these builders' offers in Mumbai, NCR, Bangalore and Kolkata: flash sales offering nearly 25% discount on per square feet rates, offers of around 3 percentage point interest subvention on home loan ra ...

Loan for residential plot comes with conditions
Posted on Feb 20, 2015
Foreclosure norms could be different from those of regular home loans. Also, if construction is not completed within the stipulated time, the rate could increase. Check these and other issuesAfter staying in company-provided flats in metro cities all your life, you are looking forward to shifting to your hometown after retirement. You don't mind st ...

Will home loans become cheaper with RBI’s new base rate formula?
Posted on Feb 19, 2015
Home loan borrowers can look forward to a benign and transparent interest rate regime in the coming days, if the Reserve Bank of India's (RBI) recent measures start making an impact. The revision in base rate methodology, announced by the RBI last month, will be implemented soon. Base rate is the minimum rate at which banks can lend. The announceme ...

Recent Articles
Bangalore’s Pashmina plans affordable luxury project
Interested in property investment hotspots in Pune? Here’s the answer
Union Budget 2015: Cut loan interest rates for 1st time buyers to 6-7 per cent, says Raheja
SBI eyes higher tax benefits for home loans
Thinking about Loan against Property-Must Know Benefits
High demand for offices in Ahmedabad, tepid for residential
Lower Parel: A rental location with a green advantage
Home buyers, industry share their Budget expectations
What Budget 2015 should do for home buyers
City developers want boost for affordable homes, clarity on policy

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