Testimonials for Exotica Fresco

Mr. Surojit Dasgupta (Exotica Fresco)

I purchased my apartment in "Exotica Fresco" in August 2011 after doing a thorough swot analysis of all the projects in Noida Sector 137. What impressed me most has been the professionalism and transparency of the Exotica team. I wish the organization great success in all future projects and hope to continue to have a great relationship. I must say complete satisfaction is the motto of the company

Mr. Vijay Kumar (Exotica Fresco)

Exotica fresco, Really a nice place for living. As the name indicates, Fresh air, Amazing location, superb green view and well designed apartment. I am happy I choose to make my Home here".

Mr. Ravi Singh (Exotica Fresco)

My search for a four bedroom apartment ended with Exotica fresco in noida. Apart from the best location in sector-137 facing the forest, the layout, design and top quality construction made me decide on the project.

Md.T.A.Bashir (Exotica Fresco)

We are the owner of 4 BHK- in 'Fresco' built by Exotica in Sector-137, NOIDA Xpressway. I am pleased to mention that I am fully satisfied with not just the location, design and the construction, but also the administrative services. Excellent customer focus the Interiors too is shaping up very well, followed by minor civil works (kitchen slab), painting, flooring and electrical fit-out; work. To sum up, with your staff , I would not hesitate to recommend Exotica properties to the most selective and discerning buyer. I look forward to our continuing relationship and wish you and your team all the best in your future projects.

Dr Dinesh Kapoor (Exotica DreamVille)

Being extremely happy and satisfied with the choice I made. I must say that Exotica is one of the most transparent developers I have come across. Extremely beautiful landscaping, superior layouts, high end club, three tier security and the list goes on.

Mr KK Srivastava (Exotica DreamVille)

Being a proud owner of Exotica DreamVille I would like to mention that I bought property first in Exotica Fresco and then in Exotica DreamVille. Exotica Fresco has been a flagship project in sector 137 Noida and my trust and confidence came from there only. I must say exotica is not only a brand but a satisfaction one owns.

Mr Mohan Jha (Exotica DreamVille)

I bought the apartments at the time of launch and appreciate the quality and construction we are getting at the time of possession. With me I have made several references and everyone is very hay to get their apartments. All in all I would say Exotica has been a top class developer in terms of delivering divine homes

Latest News

Reviving the real estate sector
Experts say that the new govt should abolish the multiple tax regime and raise tax limits on home loans to Rs. 5 lakh
The real estate sector generates maximum employment in India after agriculture. With a growth rate of about 20% per annum, it has been contributing about 5% to 6% to India’s GDP. What will ensure the growth and development of this sector? There are definitely many important  issues that need to be tackled by the new government when it takes over the reins at the Centre.
Experts say that the existing tax benefits on home loan interest and principal, introduced more than a decade ago, are grossly inadequate. The subject interest limit has remained unchanged for more than 10 years. Inflation and the consequential increase in residential property prices, have led to a huge increase in home loan amount and interests. The new government should increase the interest limit from Rs. 1.5 lakh to Rs. 5 lakh, which would provide much relief to the homebuyers and the necessary fillip to the real estate industry, says Neeraj Bansal, partner and head, real estate and construction, KPMG in India.
Multiple approvals, too, are a problem. To begin construction, a developer has to get approvals for building  layouts, ownership, environment clearances, structural planning, utilities, amongst others. This can be very time-consuming, delay delivery deadlines and the resultant cost escalation can trickle down to buyers. “Hence, it is important to facilitate policy measures that streamline approval processes (both at state and national levels),  which help reduce the number of approvals. This can be enabled by establishing regulatory  bodies/investment boards  to  oversee the approval processes, especially for large scale integrated townships. Once these bottlenecks are addressed, we can expect the economic contribution of the sector to increase considerably,” says Renu Sud Karnad, managing director, HDFC Ltd.

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Value added tax is another problem. It is generally levied on goods (about 4%) but buyers are also expected to pay 3% service tax and a stamp duty of around 6 to 7%. Experts say that constructed property is not treated as goods or services as it is  immovable property.  However, the issue around levy of VAT and service tax arises when an under-constructed property is sold. Ignoring the technicalities, and respecting the Supreme Court verdict, from an equity perspective, the new government should rationalise the applicable levies and avoid multiplicity of levies on the same transaction as it results in increase in property prices, imposing an additional burden on the homebuyer.
Sale of pre-constructed property is sale of an immovable property and cannot be considered as ‘sale of goods’ or ‘services’. Hence, only stamp duty and no VAT or service tax should be levied on it. Service tax (being a central levy) on such transaction should be reviewed by the new government as per the Constitution of India for levy of taxes.
The VAT implica
Reviving the real estate sector 18/01/2017
The new government should hasten to finalise and implement the draft REIT regulations issued by SEBI along with bringing in clarity on related tax aspects and foreign investment in REITs. Creation of a new instrument which can be publicly listed and traded on the exchanges would bring in a source of capital to the cash-strapped sector. It would help developers liquidate rent-yielding assets and utilise such funds to deliver residential projects stalled because of a fund crunch. 
The new government should liberalise foreign investment guidelines for the sector. The original guidelines, issued nine years back in March 2005, need a re-look and substantial changes to help the sector evolve to its next stage. These relate to (i) minimum capitalisation - to be reduced (ii) minimum size - to be reduced (iii) lock-in on investors - to be removed (iv) mixed-use projects - no conditions to apply (v) sale of undeveloped land in exceptional circumstances - to be allowed etc. Foreign investment continues to be an important source of capital for the sector and needs to be encouraged.
Rana Kapoor, president, ASSOCHAM, expects modification in the policy stance to facilitate availability of developed land and single window clearances for projects to encourage private sector investment, which will provide a much needed fillip to the housing industry.
“We recommend that the government grant infrastructure status to the affordable housing sector to attract more capital and to allow insurance/pension funds to invest in the affordable housing sector. The housing and construction industry is critical as it is the second largest employer in the country after agriculture, supports more than 250 ancillary industries and contributes nearly 10% to the GDP. Impetus to the housing sector in the economy will generate employment opportunities of Rs. 60,000 crore,” he says.
Source : http://www.hindustantimes.com
Delhi-NCR real estate outlook promising in 2014
Hyman Minsky, the noted American economist, linked an economy's life cycle with speculative investment bubbles which are endogenous to it. He stated that during prosperous times when the economy booms, corporate cash flows rise higher than corporate debts, and this leads to speculative euphoria. 

This euphoria continues to develop, allowing borrowers to borrow more until their income streams become inadequate to service their debts, creating a financial crisis. This speculative borrowing bubble then causes banks and financial institutions to reduce lending, which in turn causes a further contraction in the overall economy. 
Our economy is currently facing such a contraction. Overall economic activity has slowed, with GDP growth estimated at 4.9 percent in 2013-2014. True, this is an improvement of 40 bps over the previous year and we have seen growth in the traditional agricultural and allied sectors; however, industrial output and manufacturing in India are currently in a stagnant mode in terms of growth. 

What this means for realty 

While infrastructure has been hit by rising input costs and delayed approvals, asset prices for residential real estate have recovered and grown over the past two years. The increasing residential asset prices have given rise to a potential bubble, causing stagnation over the past two quarters. From a pan-India perspective, new launches in the residential sector have dwindled over 2013, as developers have been looking at disposing of existing stocks to generate cash flow. 
Commercial real estate 

In Delhi NCR's commercial office sector, we have seen moderate to healthy levels of net absorption over the past three years. Absorption in 2013 was the lowest in nine years, despite promising leasing activity. This was primarily because occupiers were focused on cost saving and portfolio rationalisation. 

The IT/ITeS sector has been the dominant performer, contributing a major share of leasing volumes while the manufacturing and industrial sector has also shown good traction of late. While Gurgaon remains the most favoured destination of office occupiers, Noida has also performed well. However, while Gurgaon has seen a good mix of IT and corporate occupiers, Noida still remains primarily driven by IT. 

Over a 1-3 year horizon, we are likely to see an improvement in demand and absorption as economic conditions in the US and Western Europe are showing signs of stabilising. This is likely to increase outsourcing business into India, which will result in improved performance of the office sector. Indian domestic corporates are also likely to continue contributing towards non-IT demand.
From an investment perspective, it makes more sense to opt only for leased assets in the current scenario. Larger investors should consider the domestic private equity funds being raised, which are looking at investing in commercial assets.

Source : The Economic Times, 14 Apr, 2014
India's Realty Sector Remains Favored Destination: Report
NEW DELHI: The Indian construction and real estate sector continues to be a favored destination for global investors and businesses are optimistic about their prospects for this year, says a report. Increasing migration to cities and urbanization along with interest from buyers to invest in real estate market, will continue to be the prime demand drivers, and according to assurance, tax and advisory firm Grant Thornton. "Despite being burdened with high construction costs and increased cost of borrowing, the Indian construction and real estate sector continues to be a favored destination for global investors," said the Grant Thornton International Business Report (IBR).

Steady housing demand, stock market rally and a slew of optimistic RBI rules permitting foreign banks into the country's banking ecosystem are set to offer further impetus to the projected growth of the sector, it said.

Moreover, business leaders in the sector expect a strong revival for the housing industry if a stable government is formed May after the general elections. Across Asia Pacific, growth is being driven by businesses in emerging economies which are more than twice as confident about raising profits as their peers in advanced economies.

Around 78 percent of business leaders in southeast Asia are optimistic, followed by Latin America (60 percent) and North America (56 percent), while those in the eurozone (19 percent), and especially in southern Europe (-9 percent), are the least optimistic. About 45 percent of BRIC economies are optimistic, slightly more than its peers in the G7 (39 percent). The report covered business leaders in 45 economies to understand how the real estate and construction sector is recovering from the financial crisis, where the opportunities lie and what businesses are doing to keep their operations running smoothly and free from fraud.
Office space demand to grow by 7% in 2014: DTZ
NEW DELHI: Office space absorption is likely to rise 7 per cent this year to 29 million sq ft in India's 7 major cities as corporates look at expanding businesses, says global real estate consultant DTZ. 

Absorption was 27 million sq ft last year in the seven cities -- Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad and Kolkata. 

In its report on India office Demand and Trends, DTZ also projected that office rentals would remain stable in most markets in the first half of 2014 and rents would start rising from the second half. 

"Most corporates are expected to firm up plans for expansion in the next few months with the overall take-up forecast to grow in 2014, especially in the second half of the year," DTZ said in the report. 

"...economy is projected to grow at a broadly higher rate in 2014 than 2013. This in turn will eventually feed through to generate higher demand for the real estate sector. Consequently, office space take-up is projected  to reach 28.9 million sq ft in 2014, a growth of 7 per cent y-oy," it added. 

Demand would be led by the IT/ITeS sector (40 per cent) followed by manufacturing and BFSI sectors. Bangalore would continue to be the largest contributor in office space demand. 

There was general optimism amongst occupiers about increase in growth momentum in near the future. 

"Occupiers expect economic growth momentum in near the future. 

"Occupiers expect economic growth to recover following parliamentary elections," the report said. 

On rent, the survey said about half of the respondents expect rents to remain stable in the first half of 2014. "But the majority of respondents agree that rents will record a moderate increase over the course of the next 12 months." 

A growing number of occupiers insisted on strict adherence to legal, safety and environment norms of office buildings. 

"Consequently, this is likely to have a positive influence on the quality of office building in future,"
Source Economic Times
Noida-based realtors demand for Environment Impact Assessment
To meet the deadline of both residential and commercial projects and bring the prices down by at least 10 per cent, the Noida-based realtors have demanded for Environment Impact Assessment (EIA), a norm for provide auto environmental clearance to all types of real estate projects in India.
Realtors opined that the norm promised by former Minister for environment and forest (MoES) Jairam Ramesh would help the project time frame to come down by around one to one and-half years which in turn would lead to price correction by at least 10 per cent.

Source : economic Times

Indian Real Estate Markets Take a Turn for the Better

 The IIMB MB Housing Sentiment Index Turns Positive Across All 10 Cities Surveyed

Noida Races to the Top, Hyderabad Shakes Off Telangana Woes, Mumbai Remains Weak
"Indian real estate is bound to remain an attractive sector in the medium term with faster growth expected in Tier II cities. Competitively priced urban pockets such as Noida, where robust supply is backed with a promise of even better infrastructure have received a thumbs up from end users. However, active interest will take another 6-9 months to translate into buying activity as consumers expect prices to go up only after six months, post the 2014 elections," says Sudhir Pai, Business Head, Magicbricks.
The Housing Sentiment Index (IIMB MB HSI) assessed by IIM Bangalore and Magicbricks clearly underwrites this forecast ashome buyers across the nation expect real estate prices to rise over the next 6 months. The aggregate Housing Sentiment Index (HSI) measured over the holiday season, has bounced back to 117 (the level at which it was in Q1) from 93 in the previous quarter. This reflects a shift from the previous quarter when buyers expected a decrease in prices (An HSI score of 100 suggests the prices would remain static).
This quarter, the IIMB MB HSI buyer survey extends to two more cities, Ahmedabad and Kolkata, apart from covering Mumbai,Delhi, Hyderabad, Pune, Noida, Gurgaon, Bangalore and Chennai.
Noida topped the list of cities with an HSI of 129 witnessing a 33% jump in HSI Q/Q. The proposed metro link, emphasis on affordable housing projects and construction of software technology parks is making Noida a fast growing and attractive city to live in.
The sentiments were muted by Mumbai, which ended last this quarter too with an HSI of 85. As the financial capital wrestles with a state of high supply with negligent demand, it is predicted that it will take 9 quarters to clear this inventory at current rates.
The Latest IIMB MB HSI Report also introduces the seller survey to compare sentiments between sellers and buyers. The HSI of 156 for sellers was a lot higher than the buyer HSI. 29% of sellers expected a 5%-10% increase in property prices. 38% want to book profits while 30% want to move to a bigger accommodation.
SOURCE Times Business Solutions Limited
NH-24 to be Widened Soon

Bundle of good news coming all the way.  A great sign of relief for lot of buyers of Noida Extension and Ghaziabad and the daily commuters on NH-24. The proposed project would be a six lane corridor starting from UP Gate to Dasna. The work would start soon for the project. This would improve connectivity with areas Like Noida,Noida Extension,Indirapuram and Crossing Republik. (Source 11.07.2012 TOI Main Edition Page num 6)


Best Regards

Exotica Housing

Metro till Noida Extension


There has been Good news for Noida Extension Buyers DMRC has proposed a metro line till Noida Extension. It has been broadly mentioned in Hindustan TImes (10th July 2012). This has been a great respite to all the people who hae bought flats in Noida Extension.  We hope for such good news furthur also.

Best Regards

Exotica Housing

Exotica Dream Ville

Exotica launches the most awaited project in Noida Extension. Exotica Dream Ville. The project has been located in greater noida sector 16C which is just 10 mins away from Fortis Hospital and 20 mins from Sec-18 Market Noida. Exotica Symbolises trust and confidence to customers and has always given customers total satisfaction which can be judged by the previous projects Exotica Elegance and Exotica Eastern Court. For more info plz visit  www.exoticadreamville.com

Bhoomi Pujan Exotica DreamVille

Exotica Housing proudly announces the Bhoomi Pujan for its Flagship Project

             "Exotica DreamVille"

at Noida Extension on 31st Oct 2010 at 11 AM followed by Lunch at 1PM. Exotica DreamVille has been a huge success and we thank all our customers for being a part of Exotica family.

RBI cuts repo rate. How much will you save on home loan?

On the back of inflation data and the slowing growth rate, the Reserve Bank of India (RBI) cut the repo rate by 0.25 per cent on Tuesday, while keeping the Cash Reserve Ratio (CRR) unchanged. 

From 6.5 per cent, the repo rate stands at 6.25 per cent now. Puru Vashishtha, Adviser and Board Member, Deal4Loans says, "This rate cut could lead to a very good borrowing environment, particularly for retail customers. We expect retail credit growth to inch up, and higher demand for mortgages .. 

prices, and low interest rate environment, we believe this is a good time to buy home and hence expect a significant uptick in first home mortgages." 

It now remains to be seen how the banks react and when they start reducing their lending rates. 

Since January 2015, the RBI has cut the repo rate by 1.50 per cent and banks have reduced their lending rates by about 0.5 per cent. 

Repo rate is the rate at which the banks borrow from the RBI, while CRR refers to  .. 

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How To Reduce your Home Loan Interest

Banks now follow a MCLR (marginal cost of fund-based lending rate) model whereas HFCs (housing-finance companies) continue on the PLR (prime-lending rate) model. The MCLR is the benchmark rate below which a bank cannot lend and is calculated based on a prescribed formula based of four variables (a) marginal cost of funds (b) operating cost (c) tenure premium and (d) negative CRR-carry cost. 
MCLR replaced the earlier base rate system, which, in turn, had replaced the PLR in banks. The objective of these shifts by the regulator (RBI) has been to move to a more transparent, quantitative and market-determined rates. Thus MCLR is a more dynamic model reflecting the incremental cost of funds and changes on a monthly basis. All new home loans taken from a bank with effect from April 2016 are on MCLR. But prior home loans would be on base rate or the PLR, which will be slower.