Amrapali Healthcare: Amrapali Pharmacy receives grand opening

Amrapali Healthcare:Stepping Ahead
We are proud to be announce the grand opening of Amrapali Pharmacy at Amrapali Princely Estate, Sector-76 Noida, today (28/08/2015) at 5 PM.
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Surge in property sale-purchase

Amrapali Group Gives Partial Exit to 2 Funds

Amrapali group gives partial exit to JP Morgan, ICICI Prudential from Noida projects

NEW DELHI: Real estate developer Amrapali Group has given partial exits to JP Morgan Real Estate and ICICI Prudential India Opportunity Portfolio Series 1 from two of its projects in Noida.

JP Morgan Real Estate fund, which had invested Rs 85 crore in Amrapali Zodiac in 2010, has got a return of Rs 135 crore so far and will get another Rs 60 crore by the end of this financial year, said two people aware of the development.

ICICI Prudential India Opportunity Portfolio Series 1, which had invested Rs 75 crore in Amrapali Sapphire in 2011, "has so far got Rs 95 crore from Amrapali and will get a full exit in the next few months", one of them said.

Shiv Priya, executive director at the Noida-based builder, confirmed it has managed to give partial exit to the two funds and repay bank funding of around Rs 350 crore taken for these projects despite a slow market. "Sales are definitely slow at the moment and so we are focusing on execution at this point of time," he said.

A spokesman for ICICI Prudential AMC, which manages the ICICI Prudential India Opportunity Portfolio Series 1, said Amrapali has reaffirmed its commitment to provide complete exit to it in the immediate future.

"While there have been marginal delays in providing the exit, the builder has efficiently managed his cash flows and has been able to service our investment from project cash flows. The project continues to have sufficient residual value and we do not foresee any challenges in securing a complete exit," the person said.

A spokesman for JP Morgan Real Estate Fund said, "As a matter of policy, we do not respond to press queries."

The two funds had invested at the early stages of the projects. At the moment, about 70 per cent of the towers in these projects are completed and have offered for possession to buyers.

Though these apartments, like many others in the vicinity, have been standing completed for some time now, buyers were unable to take possession because of an October 2013 order of the National Green Tribunal, barring Noida Authority from handing out completion certificates to projects that fall within a 10-km radius of the Okhla Bird Sanctuary.

This ban is expected to be lifted soon as the ministry of environment and forests is set to notify the new eco-sensitive zone around the bird sanctuary— 100 metres on three sides and up to 1.27 km towards the DND flyover across the river bed.

Home sales in the National Capital Region have slowed down considerably in the last few quarters. According to data from property research firm Liases Foras, sales in the NCR in the quarter ended June dropped 14 per cent compared to a year ago.

source: http://economictimes.indiatimes.com/wealth/real-estate/news/amrapali-group-gives-partial-exit-to-jp-morgan-icici-prudential-from-noida-projects/articleshow/48550255.cms

Okhla Bird Sanctuary Case: Home buyers may get possession by year end

The announcement of reduction of Eco-Sensitive Zone (ESZ) from 10 km to 100 meter around the Okhla Bird Sanctuary has spread cheer among home buyers, who now will be able to get occupancy certificates for their apartments embroiled in the controversy for long. The declaration has come a day after the National Green Tribunal (NGT) directed the Ministry of Environment and Forests (MoEF) to issue final notification on ESZ near the sanctuary. The official notification will be issued soon.
 

The central government's move to reduce the area of eco sensitive zone (ECZ) around the Okhla Bird Sanctuary will benefit over 50,000 home buyers.

Resolution to the long pending issue has given a sigh of relief to both home buyers and developers in the area. Nearly 2.5 lakh people were left stranded because of the issue, while the projects of around 40 developers including those of Jaypee, Amrapali, Supertech, Paramount and ATS were impacted. After the notification, allottees of flats in completed projects will be able to get possessions by the end of this year. Over 30,000 home buyers are awaiting immediate possession of their apartments, while 50,000 others are expecting possessions by the end of this year. Jaypee Infrastructure, one of the impacted developer, is expected to give possession of nearly 5,000 flats.
The move also allows developers to complete their stalled projects in the area. Another real estate giant, DLF will resume construction of its 2 million sq ft mall. The company plans to complete it by April 2016. Industry players have welcomed the move and believe that it will help boost the real estate market of the region. Amit Modi, Vice President, CREDAI Western UP said, “The decision provided the much needed clarity on the fate of several real estate infrastructure projects, which were severely affected due to the order passed by the NGT. Ambiguity on the ESZ around the sanctuary has already cost the local economy more than Rs 2000 crore.”

“The final notification clubbed with the non-increment in circle rates for group housing apartments, will bring an overall positive swing in the sentiment of buyers as well as developers,” says Brijesh Bhanote, Director (Sales and Marketing), Lotus Greens Developers Pvt. Ltd.

Prashant Tiwari, Chairman, Prateek Group feels that the swift implementation of this order will lead to an upward trend in sales in this upcoming quarter.

The move will also bring in the much needed capital influx for local exchequer and increase the property registration activity in the area, which had slowed down by nearly 30% year-on-year basis. Modi from CREDAI, however, urged the state government to show some flexibility on stamp duty charges for affected home buyers. He said, “We request the state stamp and registration department to provide the home buyers with some relief concessions on stamp duty charges in effect due to revised circle rates at the start of this month."

Time line of the Okhla Bird Sanctuary Case:

• The Okhla Bird Sanctuary is spread over 3.5 square kilometres of area. In 1990, state government of Uttar Pradesh, declared it a protected area under the Wildlife Protection Act, 1972.
• In October 2013, a petition was filed by a local environmentalist seeking stay on commercial activities happening in an around the Sanctuary. The NGT then issued a statement directing the New Okhla Industrial Development Authority to not issue ‘Completion Certificates (CC)’ to any structure falling within 10 km of Okhla bird sanctuary or Eco-Sensitive Zone (ESZ). The issuance of CC was suspended till the time No Objection Certificate from the National Board of Wild Life (NBWL) is obtained.
• In June 2014, the Supreme Court upheld the order after Jaypee Infrastructure filed a plea seeking Completion Certificate for its construction in the area.

As many as 55,000 home buyers will benefit from the central government's move on Tuesday to reduce the area of the eco-sensitive zone (ESZ) around the Okhla Bird Sanctuary.

source: http://www.99acres.com/articles/okhla-bird-sanctuary-case-home-buyers-may-get-possession-by-year-end.html

Amrapali Golf Homes Treasure House For Amicable Amenities

Nowadays everyone needs a sophisticated life and so they hire best company for booking the apartment. If you need an apartment for living, then use our service. Amrapali Group provides you  the Amrapali Golf Homes. This apartment was designed by talent designer in order to offer the quality of life for everyday living. The main concern of Amrapali Golf Homes Noida Extension is convenience as well as comfort. Amrapali Group had perfectly planned then constructed with qualitatively, this make the treasure house for the amicable amenities, cool conveniences as well as lavish luxuries. They gave all the ingredients in order to present your lifestyle in luxurious. The Amrapali also provides with architectural edifices therefore the fusion of house is outstanding along with structural design. In Amrapali the floor plans are excellent because we present the house with different styles this make every apartment as unique. Due to outstanding design everyone customers get admired, they put more efforts in order to utilize your space as optimum. In company the widespread methodology is used where this helps to adapt the agreement, even the micro as well as macro details.

The Amrapali contain nine holes where all are equipped with cricket academy. This Amrapali home comes with various specifications such as video games, sports hall with multi facility, high equipped gymnasium. Online provides reviews about the Amrapali Golf so from this reviews, get your ideas and book your apartment. The apartment has different size of room and they are 1 BHK, 2 BHK and many where the price list is mainly based on the size of apartment. The Amrapali Golf encloses with glass, also skating ring are presented. In the near to location maps indoor Snooker, card room and Billiard are having. We also offer the swimming pools along with spa, Jacuzzi, Steam and Sauna.

Amrapali Verona Heights Ultra Modern Residential Flat

Amrapali Group has completed projects spread over more than 100 acres in Noida, Greater Noida, Indirapuram and other East Delhi locations. What makes the Amrapali Group stand out is its steadfast dedication to quality and efficient service. Amrapali understands the importance of quality and ensures the best of technology, planning, design and construction for all of its projects. In a short period of time, Amrapali has developed luxurious residential complexes, townships, family entertainment centers, offices and shopping complexes. With its unmatched experience in residential development, Amrapali has developed six ultra-modern residential colonies around Delhi.

Amrapali Group launching its new project Amrapali Verona Heights located at Noida Extension. Amrapali Verona Heights Noida Extension offers 2 BHK, 3 BHK and 4 BHK Highrise flats. Amrapali Verona Heights is our aspiration to enhance the exultation of everyday living. Amrapali Verona Heights Noida Extension been designed keeping in mind the need to nurture sports talent in youth. Amrapali Verona Heights With numerous sports options and outdoor activities to choose from, it is our Endeavour to develop an infrastructure which offers freedom to the younger generation.

Amrapali Group is the frontrunner in affordable housing projects

What began in Delhi-NCR as a real estate developer company is now a popular brand to be reckoned with across India. Amrapali Group has become a name synonymous with quality and stability. The company, which has delivered more than 50 projects across 24 states, is now in a better position than ever. Amrapali has over the years has gained an expertise in a rather very rare segment in realty sector- the affordable housing. The concept of affordable housing, which on one hand seems like a daunting task to many developers, is a domain where Amrapali Group, lead by Dr. Anil Kumar Sharma, has been riding high. They have the maximum number of affordable housing projects in India as of now.

Prime Minister Narendra Modi has been stressing upon his vision of ‘development for all’. And in this light, he had recently launched three schemes for urban development. One of these schemes exclusively focuses on providing shelter to the population through creation of affordable houses. This scheme is to be executed in close partnership between public and private players. Amrapali Group has been on the cusp of delivering affordable housing projects and have achieved a significant prowess in that.

What our honorable Prime Minister Modi is laying emphasis on now is something that had been long ago deciphered by Dr. Sharma. He held on to a firm vision of creating spaces that were well within the range of those people who are migrating from rural areas to urban towns and have a need of owing a house instead of renting one. Dr. Anil Kumar Sharma, CMD, Amrapali Group, believes that although profit figures are always a determining factor, yet, his company’s motto is not only to make profits. He looks at the larger good. Dr. Anil is of opinion that the underlying idea is to bring affordable housing to the common people. 

Amrapali Group Spreading Awareness About Diabetic Foot Syndrome

Awareness is very much important to cure & tolerate any disease or any negative thing from us. Amrapali Group stepped to spread awareness about Diabetic Foot Syndrome i association with UPDA (Uttar Pradesh Diabetes Association) . They had organised a seminar to make people aware about the disease. Amrapali Group apart from being in real estate sector they have been in other sector too. Now soon only they are going to start facilities providing complete medical care for a diabetic patient. For more details: "http://horizonscottages.com/real-estate/amrapali-group-spreading-awareness-about-diabetic-foot-syndrome/"