Page 3-4
Realty
Reality
Page 5
Project
Brief
Page 12
Project
Progress
Page 2
From Editor’s DeskPage 1
From CRM’s DeskPage 17-18
Golden
Projects
Page 16
Referral
Benefit
Page 6-11
Project
Update
Page 13-15
Golden TimesFrom
CRM’s Desk
-
Team CRM
Golden Gate PropertiesG
olden Gate Properties Limited, headquarteredat Bangalore, embarked on its journey in 1997 and has since developed acclaimed projects across the residential and the commercial space, spanning the horizons of Bangalore and Hyderabad. Since setting sail, Golden Gate has executed 16 residential and commercial projects covering an area of 7 million sq.ft. The company is developing 10 new projects, covering 8 million sq.ft. across Bangalore and Hyderabad.
At Golden Gate, we maintain highest standards of quality and deliver the best to our customers by collaborating with acclaimed talent in architecture and landscaping. We also endeavour to keep our customers, well-informed.
In the same pursuit, ‘The GOLDedge’ has been designed to inform and enchant our valued customers. It is let you have a glimpse of how the ‘Golden’ project you put your trust in, has developed during the last month.
We value our association with you as you drive us ahead to meet all your expectations and exceed too. Do stay in touch with us to share your opinions and suggestions, and help us excel in this endeavour.
From Editor’s
Desk
The GOLDedge
is published by Corporate Communication Division of Golden Gate Group
COMMUNICATION EDITOR: Minoo Dhariwal CREATIVES: B. S. Shashidhar Raghu PHOTOGRAPHY: Vikram
G
olden Gate has steadfastly remained committedto providing homes to the discerning and quality loving customers; homes where people love to live in as well as witness great appreciation in value over the years.
With the recent addition of Golden Ira to the envious list of current projects by Golden Gate, including Presidential Tower, Hanging Gardens, Orchids, Golden Panorama, Commune and Golden Homes III, we offer customers a unique opportunity to invest and benefit from the exclusive features and amenities, as well as the appreciation value that each of these projects has.
For the latest developments around us, the recent approval on the proposed amendments in Real Estate Regulatory Bill is expected to be highly beneficial for the future home buyers. There are a number of measures by which the government aims to protect transparency and accountability in real estate transactions. In our cover story this month, we have listed down the most important points related to this Bill.
Thanks to another initiative at national level, we now officially have 21st June declared as
‘International Day of Yoga’. The Presidential Tower, heralded the grand celebration of Yoga, in support of an urban yoga studio, ‘SoulYogaCycle’ and an NGO called ‘Save a Mother’ and became host to YOGARAMBH 2015 – a celebration meant to take Yoga beyond the mat. It was a day long event and saw huge participation. A lot of enthusiasts indulged in the yoga sessions, Sufi performances and organic market.
The inside pages also have a glimpse of the events with which we were able to reach out to a larger populace. There is, of course, a showcase of the impressive progress of the project you have lovingly chosen for your cherished dream home. We are also pleased to share the details of our other on-going projects, just in case, you don't want your friends to miss out on them.
We hope you enjoy browsing through The GOLDedge!
Realty Reality
1
Each state will get a real estate regulator, which will settle disputes and impose compensation. Initially, the bill was applicable for residential real estate only. Now all residential and commercial projects will have to be compulsorily registered with the regulator so that buyers can have access to genuine projects. One or more 'Real Estate Regulatory Authority' in each State/Union Territory (UT) or one Authority for two or more States/UT will be established, by respective Governments to oversee real estate transactions. Now the developers and real estate agents, who are involved in a project in any way, cannot advertise or launch projects without prior registration of Real Estate Regulatory Authority.
2
A fast-track dispute resolution mechanism through adjudication and establishment of a Real Estate Appellate Tribunal will be established. There will be adjudicating officers to settle disputes and impose compensation and interest. On-going projects that have not received completion certificates will also be covered. It will be mandatory for brokers too, to get registered, failing which will lead to punishment for non-compliance.
3 Sale of property on the basis of super area (area in which a flat is spread plus common area such as lobby) will be prohibited. Developers will have to advertise carpet area, which is the area enclosed within the walls of a property, for sale.
4
They will also have to make a mandatory public disclosure of the details of registered projects like layout plan, plan of development works, land status, status of statutory approvals, details of promoters, project, and disclosure of proforma agreements, names and addresses of real estate agents, contractors, architects, structural engineers etc. Developers will submit clearances with the regulator. This will ensure transparency at all levels.
.
promote fair play in real estate transactions and to ensure timely execution of projects. Very recently, proposals were made to make amendments in the Bill, so that home buyers are protected from real estate frauds, which got approval from the Union Cabinet chaired by Prime Minister Narendra Modi in April 2015.
Since 2009, efforts were being made for creating a regulatory mechanism for the real estate industry to ensure accountability and transparency. Finally, the Real Estate (Regulation and Development) Bill was introduced in Rajya Sabha in August 2013. This was a pioneering initiative to protect the interest of consumers, to
Realty Reality
5
The bill outlines the duties of developers, including obligations regarding veracity of the advertisement for sale or prospectus, rectification of structural defects and refund of money in cases of default. Buyers can claim refund with interest and compensation if promoters fail to deliver projects on time. They have the right to procure stage-wise construction update and claim possession. If rules are violated, projects will be de-registered and penalties will be imposed on the developer. Noncompliance will attract fine up to 10 per cent of the project cost and misinformation, a fine of 5 per cent of the project cost.
6
To ensure projects are completed on time and developers are prevented from diverting money raised from buyers, promoters have to compulsorily deposit 50 per cent (or lesser percentage as notified by the authority) of the amounts realised for the real estate project from the buyer in a separate account in a scheduled bank within a period of fifteen days to cover the cost of construction.
7 Developers will need the consent of two-third buyers to alter plans, structural designs and specifications of the building/plot/apartment. While minor additions or alterations are allowed due to architectural and structural reasons, they will have the responsibility to rectify structural defects and refund money in cases of default.
8 Builders often demand part payment in cash, making many ordinary buyers party to corruption. The Bill will help curb undeclared "black money" in property markets that costs the government billions of rupees in lost taxable income.
Project Brief
,true to its name, offers uninterrupted, panoramic
views of the scenic, undulating terrain spread across 5 acres of land. With the
size ranging from 1210 to 3360 sqft, these are 335 units of 2, 2½ & 3 & 4 BHK
luxurious apartments and penthouses that are perfectly located just off
Kanakpura Road. A great value for money and a greater home to make your life,
picture perfect, Golden Panorama is for everyone who is looking for an
eco-friendly luxuriant living.
ELEVATION NIGHT VIEW
CLUB HOUSE (POOL)
CLUB HOUSE (ENTRY)
Project Update
TOWER 1 – WEST VIEW
Project Update
TOWER 2 - SOUTH VIEW
Project Update
TOWER 3 - NORTH VIEW
Project Update
TOWER 5
TOWER 4
Project Update
TOWER 5 RAMP & BASEMENT
Project Update
BASEMENT
TOWER
PROGRESS
Tower 1 1
stfloor has been completed
Tower 2
Shuttering & Bar bending in progress for 2nd floor
Tower 3
Shuttering & Bar bending in progress for 2nd floor
Tower 4
Parapet wall in progress
Tower 5
Parapet wall is 50% complete
Project Progress
TOWER
MILESTONE
Tower 1 50% of 2nd floor to be complete
Tower 2
4th Floor slab will be in progress
Tower 3
4th Floor slab will be in progress
Tower 4
Parapet wall will be completed
Tower 5
Parapet wall will be completed
Golden Times
GOLDEN GATE EVENTS & ACTIVITIES
YOGARAMBH supported by The Presidential Tower on June 21
st2015
SoulYogaCycle, an urban yoga studio; The Presidential Tower, Bangalore’s tallest 50-storey residential tower and Save A Mother, an NGO dedicated to better healthcare systems for the poor and reducing maternal mortality rates organized YOGARAMBH – A celebration beyond the mat, a day-long festival to celebrate INTERNATIONAL DAY OF YOGA on 21st June 2015.
YOGARAMBH brought a confluence of performing artists, yoga practitioners, inspirational speakers, market of organic living products and, for the first time in Bangalore, Sensorial Yoga Art. The stalwarts of the industry were present including Yogi Franz Andrini, the much sought after Master Yoga Teacher from Turkey; Hemanth Hegde, the principle teacher at Soul Yoga Cycle; Prasad Bhatdundi and Yogacharya Yamini Muthanna.
Golden Times
Golden Times
Participation at Times Property Expo, Chennai on June 27-28, 2015
Golden Projects
THE PRESIDENTIAL TOWER
(NORTH BANGALORE)
YESWANTHPUR
Bangalore’s tallest 50 level residential tower has exceptionally well-designed 3 and 4 bedroom apartments for the accomplished and the discerning. The exclusive 4 and 5 bedroom duplex Sky Villas on the top four floors offer breathtaking views of the city. There is a Skypark on the terrace with an infinity pool, a fitness center and an envious list of lifestyle amenities. Located at the heart of a power hub and luxury destinations with Taj Vivanta, Sheraton Hotel, World Trade Center and the ever-famous Orion Mall in close proximity, Presidential Tower is an unrivalled sublime expression of class and luxury.
www.thepresidentialtower.com
GOLDEN HOMES PHASE III
(SOUTH BANGALORE) SARJAPUR ROAD ATTIBELE CIRCLE
Better known as Liberty Acres, these heavenly villas will embellish your life with beautifully landscaped parks, blissful water bodies and most modern lifestyle amenities. The elegant design and thoroughly detailed planning make these homes, an integrated housing as well as a smart investment avenue.
www.thegoldenhomes.in
HANGING GARDENS
(NORTH BANGALORE)
OPP MANAYATA TECH PARK, HEBBAL
Motivated by one of the Seven Wonders of the World, this is a glorious and an artful tribute to a rich past and a prosperous future. These are fully air-conditioned signature apartments blessed with private Sundecks to create an environment-friendly, residential paradise that provides luxury with a conscience.
Enticing outer spaces with an exclusive 11,000 sqft club house and temperature-controlled pool, clubbed with enchanting interiors and irresistible private gardens, Hanging Gardens is a pure extravagance.
Golden Projects
ORCHIDS
(NORTH BANGALORE)
THANNISANDRA ROAD, BEHIND MANYATA TECH PARK
Launched in 2013, Orchids is a spacious, luxurious, visually appealing, IGBC GOLD rated green residential apartment complex, meant for inclusive living. With 167 luxury 2 / 3 / 4 BHK apartments and penthouses having a design that flows from 'outside' into the 'lively and vibrant apartments and common spaces‘ inside, Orchids is a tribute to the yearnings of a tired and isolated city soul.
www.prishaindia.com/orchids.php
THE COMMUNE (SOUTH BANGALORE)
CHANDAPUR ANEKAL ROAD
The Commune is just the sort of luxury a first-time buyer would have dreamt of. It is a self-sufficient, sustainable community spread in more than 5.35 acres with a range of designer yet affordable 1, 2 and 3 BHK homes .
It is just 10 minute drive from the Electronic City and well connected to the City via the elevated expressway as well as NICE Corridor.
www.thecommune.in
GOLDEN IRA
(NORTH BENGALURU)DODDABALLAPUR ROAD
A 48 acres Premium Serviced Villa Plotted Development, Golden Ira is meant to offer you not just a piece of land, but a piece of paradise! Having an eco-friendly self-sustainable design, its uniqueness lies in the classic, ethnic architecture blended perfectly with modern amenities. Owing to the fast-paced development in the region, Golden Ira is sure to multiply your joy today and be a great investment for tomorrow.
Referral Benefit
REFER AND GET REWARDED*
.
Refer Golden Panorama to your friend, relative or
acquaintance and take home a referral amount of Rs.
50,000 on successful conversion.
Yes, you got it right. Get flat Rs. 50,000 by referring us.
Considering the fact that it’s a Golden Gate home, you
should take full advantage of this golden opportunity.
Team Golden Panorama
Koramangala,Bangalore - 560 022, Karnataka, INDIA. www.ggproperties.com | www.goldenpanorama.in
For CRM related queries/suggestions, call 88802 22777 extn2 / +91 92434 45353 /
