Merlin Paradise, the Eden of tomorrow

Merlin Paradise is the most prestigious project in Nagerbazaar. The mesmerizing architecture is encompassed within 75% open space to create an environmental extravaganza.  To bring Paradise to earth is the novel interpretation of Merlin Group. Merlin Paradise brings life closer to nature; full of water bodies and greenery, luxury personified.

Welcome to Merlin, Welcome to Paradise

Air conditioned apartments| B+ Gr + 11 storied, 4 towers| Awe inspiring elevation| Most apartments facing landscaped water bodies and garden| State of the art club facility | Hi- street retail| Adequate car parking in basement and at ground level

Relaxation beckons in Paradise

·         Air- conditioned indoor games room

+Table Tennis + Billiards + Carom

·         State- of- the- art Air conditioned Gym

·         Badminton Court

·         Air conditioned crèche

·         Air conditioned community hall

·         Spa

+Steam +Sauna + Swimming pool

·         Balcony with every apartment

·         Roof with planters, gazebo and usable areas

Specifications

·         Air condition apartments- Split air conditioning in bedrooms and split air conditioning in the drawing room

·         Water Supply 24x7

·         Electrical- Provision for adequate light points, geyser point in bathrooms. Modular switches of reputed brand

·         Flooring- wooden flooring in master bedroom. Designer vitrified tiles  in Living Dining and all other rooms.

The fall of rupee is attracting more NRIs to Indian realty market

The sharp dip of the rupees’ against the US dollar has increased the temptations of non-resident Indians (NRI) to buy property. Realtors are expecting an increase of 35% in business inquiries

from the expatriates this year, reveals the Associated Chamber of Commerce and Industry of India (Assocham) recent findings.

Releasing the Assocham paper on 'Falling rupee sparks property boom from NRIs', D S Rawat, secretary general Assocham said, "With the rupee riding low against the dollar, Indian residents are looking to accelerate investment plans back home". The rupee has fallen by about 34% against the US dollar since August 2011 and crossed 65 against the dollar.

According to a survey conducted by Assocham has upon nearly 1250 real estate developers in Delhi-NCR, Dera Basi, Mohali near Chandigarh, Mumbai, Kolkata, Bangalore, Hyderabad, Ahmedabad, Pune,Dehradun, Chennai etc. favorable exchange rates have facilitated the interest for buying property among NRIs.

Most of the real estate developer are saying that  the NRI traffic is primarily coming from the UAE/Gulf region, US, Singapore, Australia, UK, Canada, South-Africa etc. and the demand is more for high end properties and commercial buildings.

Latest in the World of Real Estate - Real Estate in a sluggish economy

In spite of the sluggish economy and the falling value of the rupee, the real estate sector has been surprisingly expanding its scope of operations. This is primarily due to the factor that over the last 10 years or so, the Indian realty sector has consistently channelized the FDI and the NRI investment pools. In the falling economy the Indian government has resorted to various reformative reforms for the stakeholders in the recent past.

Earlier this year, keeping in mind the needs of the residential real estate sector the RBI had reduced the rates for external commercial borrowing. Following the cue, the World bank has also recently sanctioned a fund of $100 million for affordable residential properties, that is to be implemented over the period of the next 5 years. The Indian government is also contemplating to relax the FDI norms aiming to attract large quantities of foreign investment in this falling economic situation, to keep the realty sector afloat.

Currently, with an increase in the demand for residential properties all over the country, coupled with relaxed norms, favorable regulatory policies and imminent avenues of funding the real estate sector has its hands full.  The sector looks to be maturing, consequently indicating growth and opportunities for all its sub sectors. However, the final outcome is still in question, though the major players in the sector are hopeful that the real estate market in India will benefit from the transparency and streamlining of the investments, due to be facilitated by the ratification of the regulatory bill by the Rajya Sabha. 

Facilitating Your Dream Home

The exalted reputation of the Merlin group precedes them. For the last three decades the Merlin group have established themselves as one of the most trusted ad visors in the real estate world – not only through the quality property they are known to design and build but also because of the superior customer services they offer.

The Merlin group will help you visualize and eventually create your dream home – but their services go beyond. Most people opt for home loans when purchasing a house - with the Merlin Group association, getting a home loan sanctioned becomes easier. Furthermore the group also guides the clients through the whole procedure. As a real estate developing agency, the group has collaborations with several banking institutions and will help you meticulously plan the details of repaying your loan. They will outline for you all the necessary requirements as well as direct you regarding the loan amounts and the repayment options. The group works together with the lending institutions so as to facilitate the loan thus making the loan sanctioning process a cakewalk. It is in fact, because of superior services like these that takes away most of the headache of the necessary paperwork etc, from the already busy schedule of the clients that they swear by the Merlin Group!

Creating Trusted Relationships

For the last three decades the Merlin Group has dedicated itself to creating value homes for people across the country. Transparency and honesty and two of the key philosophies propagated by the Merlin group which have helped them establish supremacy and trust not only among their peers in the real estate world, but also among their clients.

Mr. Suman Chattopadyay, a journalist with a leading publication in Kolkata describes coming back home to his apartment at Merlin Residency, as an invigorating experience after hard day’s work. A senior pilot, Captain Amit Tandon claims that Merlin Greens turned out exactly like he had seen in the brochure. Moreover a premium club membership within his complex was a bonus. Mr. Chin Tchai Yu in the Merchant Navy, was concerned about ensuring a secure home for his family, since he does not stay in the city for more than 6 months in a year. Merlin Greens came to his rescue! Mrs. Debjani Ghosh cannot stop gushing about her Merlin Riverview apartment with a spectacular view of the Ganges and open ventilated rooms, just what she had wanted in a dream home. Mr. Amiyo Kr. Paul, Joint Manager at the Bank of Baroda, on the other hand, raves about the splendid lifestyle features the complex has to offer. Ask any Merlin flat owner, and they will tell you how Merlin built them homes, as close to their dream homes as it could get!

Invest in the Right Residential Property – Secondary Factors

When buying a property there are many things you need to consider – Location, Floor Location and Family Considerations being some of the key deciding factors. However, there are several secondary factors that you should factor and then make an informed decision.

Basic Facilities Provided: Take into consideration the basic facilities that are provided with the flat. Account for amenities like water and power supply, back-up power arrangements, security, elevator, parking facilities etc.  Consider if there are facilities like public transportation, schools, hospitals, marketplaces nearby. Though flats with all or most of the aforementioned benefits will be a tad bit costlier as an investment, in the long run they will save you a lot of time and money.

Budget: It is one of the most important factors when making a property purchase decisions. Most people resort to a bank loan when purchasing a house. It is crucial to discuss the associated fine print, in elaborate detail as well as the EMI options. When considering EMI options, make sure you factor that into your monthly budget, barring your regular monthly expenses. Also discuss it with your family and ensure you have a contingency plan handy, in case the funds run dry for a particular month.

Invest in the Right Residential Property

A perfect home is one’s dream come true. With the ever-increasing property prices in India, investing in real estate to many is much like investing in gold – you can hardly ever go wrong with it. However, there are a few key factors that you should consider when planning to invest in real estate:

aa)      Location is one of the key determining factors of whether a particular property is a good investment. Always try to invest in property which is an upcoming location, because when acquiring the property you will not only get it at cheaper rates than in developed areas but it is also very likely that in a few years time, the property will be worth twice its present value.

bb)    Floor Location has a great impact on property prices. Flats on the ground floor sell for a much higher value than those on the floors above. This is simply because the availability and the accessibility of amenities are much easier from the ground floor, which in turns creates a higher demand.

cc)      Family Considerations: When investing in property, always think long term. If you already have a family or are planning one, consider if the locality, society, facilities provided by the complex would be in tandem with the needs of your future family.