Gift City Elegant 2 Bed and 3 Bed Launch offer by Grade A Builder

Ahmedabad district of Gujarat is a well-known hub of automobiles. It is a satellite town ruled by the Vaghela dynasty in the past. The town is well famous for its heritage in music. The famous Hindustani musician late Maharaja Jaiwant Sinh Vaghela was from this royal family and he was the ‘Guru’ of Pandit Jasraj. Indians considering such strong musical culture are getting attracted to this town. Real-estate investors are quickly capitalizing in this area for its potential to represent the strong culture of Gujarat and India. Gift City city too has traditional Gurukul-such as music institutes, attracting music students. Real-estate developer should note. He is planning to develop the township in partnership model, as his partner has another 100 acres adjacent to my plot, and they can develop a much bigger project. Their existing plan comprises to develop a township with residential apartments, commercial complexes, malls, movie multiplexes, a hospital, a school, and a hotel of a four-or-five star category.

According to industry sources, the net investment on the project could be to the tune of Rs 2,500 crore.422 It may be noted that the Hon’ble High Court of Karnataka while delivering the judgment in the case of Larsen & Toubro Limited vs. State of Karnataka WP. No. 16305/ 2006T-KST on 10th July, 2007 have not followed the law laid down by the Allahabad High Court in the Assotech’s case. I am given to understand that Larsen & Toubro have pursued the matter before the Hon’ble Supreme Court of India. I believe that the judgment of the Hon’ble Supreme Court in the Larsen & Toubro’s case as and when delivered will settle this vexed issue. The appellant the builder, engaged in the activity of building ships for different ship owners, entered into contracts agreeing with the owners to build, launch, fit, equip, test and complete in all respects a specified number of vessels at its shipyard and to deliver them. Gift City Ahmedabad building of the vessels was to be under the instructions and test of classification surveyors and in accordance with plans and specifications. The builder had to furnish all labour, machinery, materials, equipment, spare parts and outfit required for the construction of the vessels to make them completely ready. The price of each vessel was fixed but was to be paid in instalments at different stages. Before the vessel was delivered trial runs had to be made after notice to the owners. The contract provided that after successful trial test the owner shall accept the vessel. It may sound such as a paradox but the rental market of Gujarat city is showing bias in two directions when it comes to the property acquisition on rent.

While the housing market is showing rental bias in the negative direction, the same property index is going northwards in the commercial vertical of property even among the different segments of commercial property the trend is not uniform as demand for retail space is not as high as the demand for office space. It seems the rental index of the major markets such as Ahmedabad, Vadodara and Surat is quite confusing and there is no emerging trend to show a direction. However, a closer look at the property market movement on ground in the state shows some method in the madness. Gujarat is traditionally believed in owning a house and even the migrant professionals in the state have the same kind of urge. Thus despite of vibrant economic activities, Gujarat could never become an attractive rental housing market on the property barometer. The absence of institutional support to the developers for getting into rental housing, archaic rental laws and the low rate of return were among the other major reasons for the property market in this part of the world to not evolve as the major rental market for housing segment.

Property Mart is Leading Real estate Consultant in Bangalore from past couple of years offering to Book Prestige New Projects in Bangalore. For Booking Call us on: @ +08971315026 and Visit Out official site http://giftcityahmedabad.in