GODREJ DEVANAHALLI ROYALE WOODS IS DEVELOPED BY THE GODREJ PROPERTIES LTD., WHICH IS A PRETTY WELL-KNOWN NAME RELATED TO THE DEVELOPMENT OF COMMERCIAL BUILDINGS, ESPECIALLY IN SOUTHERN INDIA.

GODREJ IS HAPPY TO ANNOUNCE THE LAUNCH OF A NEW RESIDENTIAL PROJECT AT DEVANAHALLI, WITH THE AMBIENCE OF SERENE AND GREEN ENVIRONMENT. YOU CAN CHOOSE FROM 2 AND 3 BHK APARTMENTS IN DIFFERENT CONFIGURATIONS. WHAT’S MORE! THE OPPORTUNITY TO ENJOY UNIQUE AMENITIES SUCH AS MULTI-PURPOSE COURT FOR BASKETBALL AND TENNIS, TRAMPOLINE PARK, BADMINTON COURT, MUSICAL GARDEN AND A SEPARATE PET PARK. The projects of Godrej Group are generally affordable as well, and people of almost all income groups can possess such properties. Godrej Group has experts in all fields, which includes architect appointments, land acquisitions, construction services, sales, after-sales services and designers as well.

With regards to the advancement of land in Southern India and particularly in Hyderabad and Bangalore, Godrej Group has procured understanding for more than two decades. With different undertakings created right now, they have set up a correct name for themselves. Alongside their opportune deliverability and solace, the structures are likewise developed with the best quality materials, therefore giving sturdiness. Moreover, the plan of action is especially one of a kind in its client driven example. The records that need to show quality and advancement are various. Every one of these elements have added to making Godrej Group what it is today. The activities have been made as straightforward as conceivable to ensure that the clients get the best fulfilment. Godrej Properties brings you Godrej Royale Woods, one of the most affordable and quality projects in Devanahalli, Bangalore. Located close to key social institutions, IT parks, manufacturing hubs and the Bengaluru International Airport, this 20-acre development offers a world of premium amenities including retail. Invest in Godrej Royale Woods for a lifetime of happiness. 

Godrej Royale Woods is a Pre Launch residential apartment development by Godrej properties coming soon at Devanahalli, North Bangalore. This Project is going to offer 1, 2 and 3 BHK Apartments. This sophisticated creation by Godrej Properties is situated across a huge expanse of land surrounded by refreshing greenery all around. This project promises to offer its residents a fresh and soothing start to every day with greenery all around. This pre-launch project is RERA approved.

Strategic Location.

Godrej Group is currently performing on one of their best projects that are getting launched in Northern Bangalore. The project Godrej Devanahalli is found at Devanahalli, Bangalore in Karnataka. At the present , it's one among the highest upcoming projects in Bangalore, and it's one among the highest awaited projects also . Potential buyers have already begun to show their interest, and Godrej Devanahalli is already on demand even before its completion. As for the purchasers who are already a neighborhood of the Godrej Properties, there are exclusive booking slots available within the Godrej Devanahalli project. Interested buyers can contact the developers and book apartments with the proper documents.

The apartments at Godrej Devanahalli project are available in many types of configurations for providing the customers with exactly what they need. There are four types of flat configurations in Godrej Devanahalli. They are 2/3 BHK flats. The flats can also be booked on the EOI form. Currently, it is only for the existing customers of the Godrej Group. 

A little about Godrej.

Godrej Properties Limited is a real estate company with its head office in Mumbai, India.  subsidiary of Godrej Industries Ltd, the company was established in 1990 under the leadership of Adi Godrej. The company is currently developing projects that are estimated to cover more than 89.7 million square feet. Currently, Godrej Properties Limited(GPL) is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

 Godrej Properties Limited was founded as Sea Breeze Constructions and Investments Private Limited on 8 February 1985. In accordance with a special resolution of the shareholders in the year 1990, the company’s name was changed to Godrej Properties and Investments Private Limited. Subsequently, the name of the company was changed to Godrej Properties and Investments Limited and finally, to Godrej Properties Limited at a general meeting on 23 November 2004.

More about the Bangalore real estate market through the Godrej Point of View.

Godrej Properties promises to fulfil Godrej Group’s philosophy of sustainability, innovation, and excellence in the real estate industry. Each of the developments by Godrej Properties combines a 121-year legacy of excellence and trust with a commitment to cutting-edge design and technology. In recent years, Godrej Properties has received more than 200 awards and recognitions. Godrej properties have delivered some of the most astonishing projects across various cities all of which reverberates luxury and opulence in their own terms. Godrej properties is known for timely delivery of its project.

The Godrej Devanahalli project is additionally one among the best mixtures of comfort, luxury, and sturdiness . The Godrej Group is already an enormous enough factor to excite interest among people. Having one among their best projects as a residence is sort of a dream come true for several . The Godrej Devanahalli project is crammed with world-class amenities for the enjoyment and use of the residents. The situation of the project is additionally one among the prime locations in Bangalore, and it provides top connectivity to all or any of the places that humans can interact socially with. The market places, shopping malls, electronic gadget stores, schools, hospitals, and even convenience stores are located within the vicinity. The roads provide a quick reference to the Railway Stations and Airport, and National Highways are often reached from the projects site quite easily.

The project Godrej Devanahalli is one among the simplest possible options of residence in Bangalore. Located at Bangalore, it's one among the most places where the workers of prominent IT sectors, like HMT and BEL, can have a correct residence. this may make sure that the workers don't need to stay distant from their workplace. For the workers of the opposite sectors too, the Godrej Devanahalli project is going to be one among the simplest places to remain in Bangalore and stay well connected.

Points to remember before stepping into the Bangalore Real estate.

Property investments are long-term prospects. First-time investors should take their time and consult with professional advisers for a clear understanding About the property market. As these are crucial decisions, residents need to make sure they have a checklist of their priorities before jumping into purchase decisions. Investing in Godrej Devanahalli can help you choose between under construction projects and ready-to-move in homes. Either one of these options offer individual benefits. Employing a collective approach can help you make smart decisions without any grievances in the future.

Godrej Royale woods Summary


  • Devanahalli airport road
    Location
  • 39 Lakh
    Starts From
  • 2 & 3 BHK
    Unit Type
  • 1678
    Total Units
  • 13 acres
    Area
  • On Request
    Blocks / Towers
  • 2024
    Possession Date

Godrej Royale woods Unit Configuration


Unit Types Super Built Up Area Carpet Area Inquire Now
Studio NA 226
Unit Types Super Built Up Area Carpet Area Inquire Now
2 BHK NA 842
Unit Types Super Built Up Area Carpet Area Inquire Now
3 BHK NA 1019

Godrej Royale woods Master Plan & Floor Plans


Godrej Royale woods Price Sheet


Unit Type Sq/Ft Price (Approximate)
Studio On Request On Request Onwards
2 BHK 952 39 Lakh Onwards
3 BHK 1150 52 Lakh Onwards

Godrej Royale woods Cost Break



Dowload Full Price Sheet

Godrej Royale woods Features & Specifications


  • RCC Framed Structure Building. Concrete Solid Block Mesonary

  • High End Vetrified Tiles. High End Anti Skid Tiles in Bathroom.

  • Jaguar/Kohler/Queo/Equivalent. WC – Hindware/Parryware/Kohler/Equivalent.

  • Main Door Frame Teak Wood. All Internal Bedroom Door are Wooden Flush Doors Bedroom and Bathroom Engineered Doors. Windows – UPVC/Aluminium Sliding.

  • Modular Switches. Power Supply Upto 5 kw and DG Backup.

  • Acrylic Emulsion Paint For Internal Walls and Ceilings.

Godrej Royale woods Amenities


    Power Backup
    24 Hrs Running Water
    Gym
    Indoor Games
    Party Hall
    Surface Car Park
    Basketball Court
    Library
    Maintenance Staff
    Swimming Pool & Kids Pool
    Passive Gathering
    Senior Park
    Outdoor Sports Facilities
    Rain Water Harvesting
    Community Garden
    Jogging Track
    Bike Track
    24/7 Security
    CCTV Camera
    Sewage Treatment Plant

Godrej Royale woods Take A Tour


Godrej Royale woods

About Godrej


Godrej Properties Limited is a real estate company with its head office in Mumbai, India.[5]A subsidiary of Godrej Industries Ltd, the company was established in 1990 under the leadership of Adi Godrej.The company is currently developing projects that are estimated to cover more than 89.7 million square feet. Currently, Godrej Properties Limited(GPL) is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

 Godrej Properties Limited was founded as Sea Breeze Constructions and Investments Private Limited[11] on 8 February 1985. In accordance with a special resolution of the shareholders in the year 1990, the company’s name was changed to Godrej Properties and Investments Private  Limited. Subsequently, the name of the company was changed to Godrej Properties and Investments Limited and finally, to Godrej Properties Limited at a general meeting on 23 November 2004.

 From safes that withstood fires better than international competitors', to one of the world's first soaps from vegetable oil, and the ballot boxes for independent India's first general election, the group has a proud tradition of making meaningful products and building businesses that serve the country's interests.  We have always focused on people and the planet along with the profits. Approximately 23% of the promoter stake in the Godrej Group, is owned by philanthropic trusts that work on environmental, educational, and health care issues in India. We are also bringing together our passion and purpose to make a difference through our Good & Green strategy of shared values to create a more employable Indian workforce, build a greener India and innovate for ‘Good' and ‘Green' products.

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Investing in Residential or commercial properties. What’s better? 

Published On : 22 / Mar / 2020 | By : Pranav Ojha

Investing in Residential or commercial properties. What’s better? 

What’s better? Investing in commercial properties or investing in residential properties. This is a very important topic for any potential investor who is looking out for making an investment in real estate. We here at OSS have discussed everything that you need to calculate before you do make the investment in this market.  

Investing in real estate in itself is very good for your portfolio as it’s another kind of diversity you can have in the form of investments, This helps in dividing your risks! By making investments in real estate you can benefit from the fact that Real estate is only a market that is comparatively least affected in times of economic crisis. Real estate investments can be classified into two forms and they are: 

Residential Investments

Commercial investments

 

Residential properties.. when talking about the rental yield it gives you about 2.5-3%. Which really isn’t that bad. But, keeping in mind this is the rental yield we are discussing here!  There are many benefits of investing in Residential properties for example.. It is very easy to get a loan from banks for the purchase of these kinds of properties. Also the leasing process is much easier. In comparison with commercial properties there is a low holding period as compared to commercial property. Now, talking about the draw-backs of investing in residential properties are that you have to make an initial investment of getting the interiors done for even giving it out for rental purposes and even after that the rental yield is not that high. Also, mainly a rental agreement in residential properties cannot exceed a period of 36 months. Also,  buying a residential property is comparatively cheaper.

So, speaking about commercial properties.. It has a brilliant rental yield of 6.5-8.5% which is an excellent yield in terms of commercial projects in real estate. Also, it is possible to lease a commercial property out for long-periods that is up to 9 years. The commercial value is not very volatile! That means there are no major fluctuations with these kinds of properties. But, again that can be contemplated  in a good and a bad way! The property values tend to be stable for prolong periods of time and also for it to be a commercial property it must be of a specific minimum size and also it is very difficult to sell as there are very few buyers for commercial properties in the market! 

We must also keep in mind that anytime we take a loan for buying any of these properties be it.. Residential or Commercial there is a provision given to the individual while paying-off his Income tax these provisions come under Section 24 and 80C of the Income Tax Act.

So, after looking at the pro’s and con’s of both kinds of properties.. We can say that both have their own advantages and disadvantages. One has a higher yield but is harder to sell and the other has a lower yield but is easier to sell. So, it all depends on the perspective of the investor that what kind of risk is he willing to take.

Traditional residential loans, or residential mortgages, are typically distributed by banks to borrowers. Unlike residential mortgages that are typically between banks and the individual buyers, a commercial mortgage is made to a company. For tax purposes, it is also usually in the best interest of the borrowers to sign as a representative of a business entity — since the property is zoned for businesses uses.

 In addition, commercial loans are riskier (in the eyes of lenders) than residential loans. This makes a commercial loan’s interest rates higher and terms shorter. Why? Because there is a whole secondary market for commercial lenders that is separate from traditional banking institutions.

 In order to qualify for a commercial loan, investors are required to have a business plan as well as a solid credit score — for the most part. Commercial lenders are more concerned with the property’s projected cash flow than residential lenders are. They will want to know who will pay utilities, what type of maintenance will be required, and more before approving the loan.

 Finally, the terms, conditions, restrictions and penalties vary greatly between commercial and residential loans. Homeowners usually finance their properties over lengthy periods of time. — most commonly with 30-year fixed rate mortgages. Although residential buyers have many other loan options available, this time frame is ideal due to a longer amortization period that creates smaller monthly payments. Residential loans are typically amortized over the life of the loan, so the loan is fully repaid at the end of the term. Unlike residential loans, terms for commercial loans typically range from five to 20 years, and the amortization period is often longer than the loan term. Commercial lenders are also able to customize the loan repayment schedule to each borrower’s specific requirements.

Choosing between a commercial vs residential investment property is no easy feat to tackle, especially because both come with their own set of benefits and drawbacks. Both will diversify your portfolio, both come with significant tax benefits, and both will bring you one step closer to achieving your goals of financial freedom…So how is an investor to choose?

 The answer to that question ultimately depends on what it is he or she wants to gain by investing in real estate. Investors should take some time to think about their short and long term goals. If they are looking to make a quick buck to start, rehabbing or wholesaling a residential property might be the way to go. If, on the other hand, they are in it for the long haul and looking to achieve passive income, commercial properties offer attractive benefits.

 If you want to earn the most returns, you might want to consider investing in commercial real estate. On the other hand, residential properties may be more appealing if you’re more comfortable working on a small scale. Thinking about how much time you’re willing to devote to your project as well as your risk tolerance can make it easier to decide where to invest your money.

As quoted by a few leading real estate experts.. Real Estate market is expecting push post-Lok Sabha Elections 2019 as the sops — reduction in GST, reduction in RBI Repo Rate etc. — announced by the central government ahead of the general elections 2019 notification would start showing its effect on the sector. In fact, the private equity and venture capital funding agencies have got a clue about the government intentions in regard to the real estate sector hence the question has become ripe into the Indian real estate sector as to which segment is a better investment option: commercial real estate or residential real estate? The industry insiders say that Real Estate Investment Trusts (REITs) are enough to indicate that commercial real estate is poised to give a better return for both individual and retail investors while the residential real estate will remain a hot destination for the individual investors. 



 

All you need to know about the Model Tenancy Act.

Published On : 25 / Mar / 2020 | By : Pranav Ojha

Mainly what you need to know about the Model Tenancy Act is that The Ministry of Housing and Urban affairs have drafted a ‘Model Tenancy Act’ which envisions to balance the interests of both the Landlord and the Tenant so that there accountable and transparent system to rent out the premises in a very disciplined manner.

The key factors that the Model Tenancy Act consists of is that: 

• This act mainly focuses on the tenants refusing to move out of the property after the agreed rental period expires. If this happens the landlord has all rights to claim double rental value for 2 months and four times of the monthly rental after which. This will help put to rest one of the biggest fears landlords have while giving out properties for rent.

• The new Model Tenancy Act 2019 aims to keep the rental deposit at 2 months of the agreed upon rental value for residential and 1 month for any other kind of properties. Although in cities like Bangalore where landlords ask for at least 6-7 months of rental amount as deposit. It is going to become hard for them to adjust and also they will have a fear of not recovering the cost of any major damages caused by the tenant during his period of stay. 

 

• The Act emphasizes on the fact that the landlord cannot refuse to provide essential utilities and access to common facilities.

• The landlord also cannot increase the rent without giving a good 3 month notice period. This is another big advantage of the Model Tenancy Act.

• Within Two months of executing the rental Agreement it is mandatory for both parties to Intimate the rent Authority about the tenancy agreement. The rent authority within 7 days will issue a Unique Identification Number to both parties. 

• Mainly, It must be noted that Existing tenancies will not get impacted as draft model tenancy act will be applicable prospectively. 

 

I don’t think that the draft Model Tenancy Act is skewed specifically towards the tenant or the landlord. Rental housing has been a major gap in the Indian real estate market and what has kept investors and buyers from tapping into real estate for rental returns hasn’t just been low returns but the lack of sufficient legal enforcement of the rental agreement. This Act has been brought in to address these deficiencies in the existing rent control laws. If you look at some of the major announcements—like the security deposit being capped to a maximum of two months’ rent, or the heavy penalty on the tenant if he fails to vacate the premises, or how landlords can’t arbitrarily hike up rentals mid-lease without sufficient cause and notice—it is clear that the intention is to balance out the common problems faced by both parties. The real concern here is not so much about whether it is skewed towards one party but about the implementation. What is required for the success of the Act is the complete implementation by all the states.

The Model Tenancy Act is a step forward from the archaic laws governing rent control. While the tenant has a cap on security deposit and protection from arbitrary increases, the landlord is entitled to stiff penalties for failure to vacate and transparent repossession mechanism. However, the draft stops short of addressing the weak contract implementation. In its endeavour to strike a balance, the draft seems to err on the side of caution by tilting the commercial deterrents in favour of the tenant, such as cap on security deposit.

For the past several years, yield on residential investment has not been commensurate with the risks involved with the rental housing sector. The need of the hour is to provide an enabling framework for emerging business models like co-living, while providing a time-bound dispute resolution mechanism for traditional tenancy formats. The government has an opportunity to make this a more comprehensive and enabling legislation to achieve the Housing for All objective by 2022.


 

At first look, the draft rules do seem to be favourable for both tenants and landlords. However, there are some inherent challenges. The cap on the security deposit can become a pain point for many landlords—in cities like Bengaluru, a ten-month security deposit (with some scope for negotiation) was the accepted norm. If a tenant defaults or causes significant damage to a property, two-months security deposit may not cover the expenses the property owner incurs.

While the government lays down the basic policies, the exact rules will likely change within each state since land is a state subject. Like we saw in the highly lopsided roll-out of Rera, the Model Tenancy Act 2019 may lose its real purpose if states do not follow the basic guidelines and try to dilute them.

The draft aims to bring in transparency in the highly unorganised rental space and leaves little room for either party to take advantage of the other. Among the many benefits that the draft proposes for both sides, we feel it is more tilted in favour of the tenant who is usually treated as the underling by both landlord as well as brokers.

The draft caps the security deposit to a maximum of two months’ rent in case of residential property and to a maximum of one month’s rent in case of commercial property. There is no standardisation of security deposit across cities and this proposal is quite relieving. Issues such as increasing rent, eviction of tenants, etc. have also come within the ambit of this draft and a landlord cannot increase the rent arbitrarily or ask the tenant to vacate without prior notice. The draft Act also favours the owners in multiple ways. An efficient system is in place to curb challenges faced by them due to unscrupulous tenants who do not vacate in time and do not leave the property in a good shape.

For this reason, the Model Tenancy Act, like RERA, may well become a process rather than an event, and may need several course corrections to reduce regional dilutions before it becomes a force to reckon with.

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